Four freehold strata bungalows in Vanda Crescent for sale at $33 mil
Each bungalow has five en suite rooms together with its own swimming pool and even cellar level. The residences offer a common compound.
The properties, held by a single business owner, are located off Dunearn Road in the Bukit Timah area in key Area 11. The properties lie close to the Eng Neo Avenue and also Raffles Park Good Class Bungalow (GCB) areas.
The Hill @ One North Buona Vista Road
The 4 bungalows sit on a location spanning 12,264 sq ft and have a consolidated built-up area of 19,353 sq ft. They were built in 2009, with the proprietor looking to market them jointly. All 4 bungalows are at the moment leased and even will certainly be sold with tenancies.
Goh mentions that ever since 2010, there have been just 14 secondhand purchases at the area, including a nearby bungalow that was sold off for $21.5 million ($2,431 psf) in September 2022.
The four strata bungalows are positioned approximately 500m from Sixth Avenue MRT Terminal on the Downtown Line as well as has access to highways including Dunearn Road and the Pan-Island Expressway. Schools not far away include Raffles Girls’ Primary School, Methodist Girls’ School (Primary), Nanyang Primary School, Nanyang Girls’ Highschool, National Junior University, and Hwa Chong Institution.
The sale offers a “unusual opportunity” for a buyer to obtain four freehold strata bungalows that are situated inside a distinctive private landed residential enclave, says Tracy Goh, head of financial investment as well as collective sales at PropNex. “This collection of bungalows is particularly matched for multi-generation family members that desire to live together whilst having their very own area and personal privacy,” she adds.
Goh notes that the current walks of the extra buyer’s stamp duty (ABSD), which worked on April 27, is not expected to affect interest for the bungalows at Vanda Crescent as foreigners are not permitted to acquire landed houses on mainland Singapore. Furthermore, as the bungalows will be sold under a single title, they might not call for ABSD if the buyer is a Singapore resident as well as a newbie home buyer.
Four property strata bungalows in Vanda Crescent will be introduced for sale on May 3 by means of private treaty, according to advertising agent PropNex Realty in a May 2 news release. The guide price of the real estates is $33 million, or $2,690 psf on the real estate area.
She puts in that freehold landed estates in Singapore have actually consistently seen healthy and balanced price progress, increasing 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 source of landed homes in Singapore will certainly keep on sustain costs in the middle of secure need for such residential properties,” she claims.
