The last fortnight has seen a flurry of activity in the GCB (good class bungalow) segment. Two weeks ago, gaming chair company Secretlab’s CEO Ian Ang purchased a GCB in Caldecott Hill for S$36 million. Just a week later, Grab co-founder and CEO Anthony Tan snapped up a GCB in the Bin Tong area for a cool S$40 million. And to complete the hat trick of GCB purchases, Razer (SEHK: 1337) CEO Tan Min Liang is reported to be interested in buying a GCB along Third Avenue for a whopping S$52.8 million. This strong interest appears to signal that the property market remains buoyant despite Singapore’s economy going through one of its worst recessions in recent history. That said, the economy appears to be on the mend, with flash estimates from the Ministry of Trade and Industry pointing to a growth of 14.3% for the second quarter of 2021. But amid...