Quick Answer: Who owns the $63 million bungalow in Singapore?

Can GCB have basement?

GCB can have an attic and basements. The maximum site coverage (footprint) of Good Class Bungalow must not exceed 40% of the land.

Who is Jervis Ng?

Jervis is a team leader in Singapore’s largest Real Estate Company, Propnex. He is currently the youngest director with a team of close to 20 real estate brokers under him.

Can foreigners own GCB in Singapore?

While anyone can buy a non-landed private home in Singapore, one generally has to be a Singapore citizen to be allowed to buy a landed property in a GCB Area. … Sentosa cove remains the only place in Singapore where a non -PR foreigner may buy a landed home, although this is still subject to government approval.

Is GCB a freehold?

Due to height restrictions, GCBs are also generally built up to two storeys only. It is estimated that there are currently about 2,800 GCBs in Singapore only. Most of them are freehold properties, making them attractive for legacy planning.

Are basements allowed in Singapore?

Basements may be built up to the limits shown in the table below. Up to the site lot boundary, provided: the portion underneath the 2m tree planting strip is submerged at least 2m or more below the ground level; … the side of a basement wall abutting any site boundary shall not have any openings into the adjoining site.

THIS IS INTERESTING:  You asked: Will Malaysian Airlines Survive?

How do you qualify for GCB?

To be classed as a GCB, the property must have a land area of at least 15,000 sq ft and be situated in those areas zoned for GCBs.

How does Propnex make money?

The bulk of its revenues come from its real estate brokerage business, where agents generate commissions from facilitating property transactions. It also provides project marketing, property management, training services, and administrative support services.

How can I do real estate in Singapore?

Real Estate Agency Setup: Key Facts and Requirements

  1. Have a minimum of 4 GCE ‘O’ Levels passes or equivalent;
  2. Have passed an industry examination i.e. Common Examination for House Agents (CEHA) or Real Estate Agency (REA) exam, or equivalent;
  3. Either be a sole-proprietor, director or partner of the estate agency;

How do I become a top property agent in Singapore?

Fret not, we have compiled 7 essential qualities that make a good property agent.

7 Qualities That Make A Good Property Agent In Singapore

  1. Ambitious. No deal is considered too insignificant. …
  2. Client-centric. …
  3. Engaging/Communicative. …
  4. Honest. …
  5. Knowledgeable. …
  6. Proactive. …
  7. Strategic.
Travel in you