Exclusive GCB Opportunity in District 21

Binjai Park is one of Singapore’s most coveted landed enclaves.  Located in District 21, the neighbourhood is home to some of the rare Good Class Bungalows (GCBs)—an exclusive housing segment of only around 2,800 properties across the entire country .  These prestigious residences must sit on generous plots of at least 1,400 sqm, with strict planning rules limiting site coverage and height .  The scarcity of such properties, coupled with their freehold status and prime locations, makes GCBs a prized asset for investors and long‑term holders .

Client Requirement: Rapid Capital for a GCB Acquisition

Our client was an accredited private investor seeking to purchase a GCB in Binjai Park.  The property was valued at approximately SGD 30 million, but the client required swift financing to complete the purchase.  Traditional bank loans can take months to process and often impose stringent income requirements.  To avoid losing this rare opportunity, the client turned to Rikvin Capital’s bridging loan solution.

Understanding Bridging Loans for Good Class Bungalows

A bridging loan is a short‑term financing tool that provides immediate liquidity while the borrower arranges long‑term funding .  These loans are commonly used to secure high‑value properties or bridge the sale of an existing asset .  Lenders typically focus on the value of the collateral rather than the borrower’s income, allowing high‑net‑worth individuals to access capital quickly .  Rikvin Capital’s bridging loan highlights include:

• Rapid Approval: In‑principle decisions within 24 hours .

• Flexible Tenure: Terms ranging from 3–36 months.

• High Loan‑to‑Value: Up to 70–80 % of the property’s value .

• Large Ticket Sizes: Facilities between SGD 1 million and SGD 100 million.

• Tailored Terms: Interest‑only periods and flexible repayment schedules .

These features make bridging loans particularly suited to Good Class Bungalow acquisitions, where timing and confidentiality are critical.

Deal Summary

How the Bridging Loan Helped

• Speed to Close: The borrower secured approval quickly, enabling a prompt purchase in a competitive market.

• High LTV Flexibility: The loan provided over two‑thirds of the property’s value, reducing the client’s capital outlay.

• Interest‑Only Structure: Monthly servicing allowed the borrower to manage cash flow until a planned sale or long‑term refinance.

• Customisable Tenure: Although the initial term was one year, extensions were granted to align with the borrower’s exit timeline.

Why GCB Bridging Loans Matter

Good Class Bungalow transactions often involve large sums and limited supply.  By leveraging Rikvin Capital’s GCB bridging loan, investors can act decisively when opportunities arise.  Because GCBs are restricted to Singapore citizens and require special approvals for foreigners , transactions must be well‑timed and well‑structured.  A bridging facility provides the agility to secure the property first and organise long‑term financing later, without missing out on a coveted asset.

Next Steps

If you’re a discerning buyer looking to acquire or refinance a Good Class Bungalow, Rikvin Capital’s GCB bridging loans offer a strategic solution.  Our experienced team understands the nuances of Singapore’s GCB market and can tailor facilities that match your unique circumstances.  Contact us today to learn how you can unlock your next luxury property investment.

Need fast, customized financing? Contact us today to explore how we can assist you.