Four freehold strata bungalows in Vanda Crescent for sale at $33 mil
The four strata bungalows are located about 500m from Sixth Avenue MRT Station on the Downtown Line and has entry to highways like Dunearn Road including the Pan-Island Expressway. Schools nearby consist of Raffles Girls’ Primary School, Methodist Girls’ School (Primary), Nanyang Primary School, Nanyang Girls’ Highschool, National Junior College, along with Hwa Chong Institute.
Goh mentions that since 2010, there have been just 14 secondhand transactions at the locale, including a neighboring bungalow that was marketed for $21.5 million ($2,431 psf) in September 2022.
She includes that freehold landed homes in Singapore have actually regularly seen healthy cost progress, rising by 13.3% and also 9.6% specifically in 2021 and even 2022. In 1Q2023, landed home costs climbed 5.9% q-o-q. “We expect the restricted amount of landed homes in Singapore will remain to sustain rates in the middle of stable interest for such real estates,” she claims.
The properties, kept by an one owner, are located off Dunearn Road in the Bukit Timah location in prime Area 11. The real estates lie near the Eng Neo Avenue and Raffles Park Good Class Bungalow (GCB) areas.
Each bungalow has five en suite rooms together with its own lap pool including cellar level. The homes share a typical compound.
The sale offers a “rare opportunity” for a buyer to get four freehold strata bungalows that are situated within an exclusive nonpublic landed residential surround, says Tracy Goh, head of financial investment as well as cumulative sales at PropNex. “This portfolio of bungalows is especially fit for multi-generation households that want to live together while receiving their own area and also personal privacy,” she includes.
The four bungalows sit on a location spanning 12,264 sq ft and have a consolidated built-up area of 19,353 sq ft. They were constructed in 2009, with the owner looking to sell them jointly. All 4 bungalows are at the moment leased and will certainly be offered with tenancies.
Goh indicates that the latest walkings of the extra buyer’s stamp duty (ABSD), which took effect on April 27, is not expected to affect need for the bungalows at Vanda Crescent as immigrants are not permitted to acquire landed residences on mainland Singapore. Furthermore, as the bungalows will be offered under a solitary title, they would not require ABSD if the new buyer is a Singapore national and also a first-time residential property purchaser.
Four property strata bungalows in Vanda Crescent will be launched for deal on May 3 through private treaty, according to advertising agent PropNex Real estate in a May 2 news release. The guide price of the properties is $33 million, or $2,690 psf on the land area.