Four freehold strata bungalows in Vanda Crescent for sale at $33 mil
The sale represents a “unusual opportunity” for a purchaser to acquire four freehold strata bungalows that are situated throughout a distinctive nonpublic landed housing enclave, claims Tracy Goh, head of investment and also cumulative sales at PropNex. “This profile of bungalows is specifically suited for multi-generation family members who wish to live together whilst possessing their own area and also privacy,” she adds.
The real estates, secured by a single proprietor, are located off Dunearn Road in the Bukit Timah area in key Area 11. The real estates lie nearby the Eng Neo Avenue and Raffles Park Good Class Bungalow (GCB) spots.
Four freehold strata bungalows in Vanda Crescent will be launched for purchase on May 3 using private treaty, according to advertising agent PropNex Realty in a May 2 announcement. The guide cost of the real estates is $33 million, or $2,690 psf on the real estate area.
Each bungalow has 5 en suite bedrooms together with its very own lap pool including basement level. The houses offer an usual compound.
The 4 strata bungalows are positioned about 500m from Sixth Avenue MRT Station on the Downtown Line as well as has access to main roads like Dunearn Roadway including the Pan-Island Expressway. Schools close by include Raffles Girls’ Primary School, Methodist Girls’ School (Primary), Nanyang Primary School, Nanyang Girls’ Highschool, National Junior University, also Hwa Chong Institution.
Goh mentions that the recent hikes of the additional purchaser’s stamp duty (ABSD), which took effect on April 27, is not expected to impact interest for the bungalows at Vanda Crescent as foreigners are not allowed to obtain landed homes on mainland Singapore. Furthermore, as the bungalows will certainly be offered under a solitary title, they would not require ABSD if the purchaser is a Singapore resident and also a newbie home buyer.
Goh indicates that since 2010, there have been simply 14 secondhand transactions at the area, including a close-by bungalow that was sold off for $21.5 million ($2,431 psf) in September 2022.
She puts in that freehold landed homes in Singapore have actually constantly seen healthy and balanced cost development, rising by 13.3% and 9.6% respectively in 2021 and 2022. In 1Q2023, landed residence prices ascended 5.9% q-o-q. “We expect the minimal amount of landed homes in Singapore will continue to support costs amidst stable interest for such residences,” she states.
The four bungalows rest on a site extending 12,264 sq ft and also have a combined built-up area of 19,353 sq ft. They were built in 2009, with the proprietor aiming to sell them jointly. All four bungalows are currently leased and even will certainly be offered with occupancies.