Lee Hsien Yang and wife put Caldecott Close bungalow in GCB area for sale for S$16.8m

4 min read

28 April 2022 update: The scion of beauty products distributor Luxasia Group has been reported to be in the process of purchasing a separate two-storey bungalow, which is also owned by Mr. Lee Hsien Yang and his wife, for S$13.25m (S$1,336 psf). Situated in the Caldecott Hill Estate Good Class Bungalow Area (GCBA), this property has a built-up area of 9,920 sqft. The bungalow has been described as a “resort-style modern bungalow” with six bedrooms, two living rooms, a dining room, a basement wine cellar and lounge, a helper’s room, an infinity pool and a koi pond.

The younger brother of Singapore Prime Minister Lee Hsien Loong, Mr. Lee Hsien Yang, and his wife, Mrs. Lee Suet Fern, have put up their two-storey freehold bungalow in Caldecott Close – a Good Class Bungalow (GCB) area at Caldecott Hill Estate (Newton/Novena – District 11) – for sale at a price of S$16.8m or S$1,699.03 per square foot (psf).

99.co gcb ad for 14a caldecott close
On 99.co, the bungalow has been described as a resort-style modern house in a serene neighbourhood with total privacy. As the Lees no longer live here, it is available for vacant possession.

Advertised and verified as a 6-bed house for sale in the Caldecott Hill Estate on 99.co, the property was built in 1985 (TOP: 2005) and sits on 9,888 square feet of land, with a built-up area of 6,000 sq ft.

Its 6 bedrooms are spread over two levels – a junior master and guest/study room on the first level, and 4 bedrooms with en-suite bathrooms on level 2.

99.co gcb interior photo for 14a caldecott close

There are also 2 living rooms, a dining room (that can fit 20 diners), basement lounge, walk-in wine cellar, helper’s room, large infinity pool, koi pond and parking for up to 4 cars.

In the past, 99.co has shared how Singapore is currently experiencing a property boom in the sale of houses, such as good class bungalows, due to their rarity and exclusive neighbourhoods.

There are only 39 gazetted GCB areas in Singapore, such as Nassim Road and Bin Tong Park.

Here’s a list of the gazetted 39 Good Class Bungalow Areas (GCBAs):

  1. Belmont Park
  2. Bin Tong Park
  3. Binjai Park
  4. Brizay Park
  5. Bukit Sedap
  6. Bukit Tunggal
  7. Caldecott Hill Estate
  8. Camden Park
  9. Chatsworth Park
  10. Chee Hoon Avenue
  11. Chestnut Avenue
  12. Cluny Hill
  13. Cluny Park
  14. Cornwall Gardens
  15. Dalvey Estate
  16. Eng Neo Avenue
  17. Ewart Park
  18. First/Third Avenue
  19. Fort Avenue
  20. Fourth/Sixth Avenue
  21. Gallop Road/Woollerton Park
  22. Garlick Avenue
  23. Holland Park
  24. Holland Rise
  25. Kilburn Estate
  26. King Albert Park
  27. Leedon Park
  28. Maryland Estate
  29. Nassim Road
  30. Oei Tiong Ham Park
  31. Queen Astrid Park
  32. Raffles Park
  33. Rebecca Park
  34. Ridley Park
  35. Ridout Park
  36. Swiss Club Road
  37. Victoria Park
  38. Windsor Park
  39. White House Park

These GCB areas were officially gazetted in 1980. The purpose was to ‘protect the high environmental quality of these established large bungalow areas from intrusion of more intensive forms of housing, such as semi-detached or terrace houses.’

39 gazetted gcb areas
The 39 gazetted GCB areas. (Image credit: URA)

As part of URA’s control plan for these GCB areas, it’s set certain guidelines. For instance, the minimum plot size for any newly created bungalow within the 39 GCB areas must be at least 1,400 sq m (15,070 sq ft). Unless it is at least 2,800 sq m (30,139 sq ft) in size, it cannot be sub-divided into two GCB plots as well.

Any thoughts on the sale? Let us know in the comments section below.

If you found this article helpful, 99.co recommends Good Class Bungalow (GCB) house-hunting: Confessions from agents and TikTok CEO buys S$86m GCB – it’s official, tech and gaming-related entrepreneurs are buying Good Class Bungalows.

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