Four freehold strata bungalows in Vanda Crescent for sale at $33 mil

The real estates, held by an one proprietor, are situated off Dunearn Road in the Bukit Timah location in key Area 11. The real estates lie nearby the Eng Neo Avenue and also Raffles Park Good Class Bungalow (GCB) places.

The four bungalows remain on an area extending 12,264 sq ft and have a combined built-up area of 19,353 sq ft. They were constructed in 2009, with the owner seeking to sell them collectively. All 4 bungalows are currently rented plus will be offered with tenancies.

The sale represents a “unusual opportunity” for an investor to get four freehold strata bungalows that are snuggled inside a distinctive private landed household territory, states Tracy Goh, head of investment and also collective sales at PropNex. “This collection of bungalows is particularly fit for multi-generation family members that desire to cohabit whilst possessing their very own space and personal privacy,” she includes.

Four property strata bungalows in Vanda Crescent will likely be launched for purchase on May 3 through private treaty, according to advertising agent PropNex Real estate in a May 2 news release. The guide cost of the properties is $33 million, or $2,690 psf on the real estate area.

Each bungalow has five en suite bed rooms together with its very own lap pool and even basement level. The houses offer a common compound.

Goh indicates that the latest walkings of the added purchaser’s stamp duty (ABSD), which worked on April 27, is not expected to affect interest for the bungalows at Vanda Crescent as immigrants are not permitted to acquire landed residences on mainland Singapore. On top of that, as the bungalows will certainly be marketed under a solitary title, they might not call for ABSD if the purchaser is a Singapore resident and a first-time residential property buyer.

Avenir Condo floor plan

She adds that freehold landed estates in Singapore have actually regularly seen healthy and balanced rate progress, rising by 13.3% and also 9.6% specifically in 2021 and even 2022. In 1Q2023, landed residence prices climbed 5.9% q-o-q. “We expect the minimal supply of landed homes in Singapore will certainly keep on sustain costs amid steady demand for such residential properties,” she states.

Goh indicates that ever since 2010, there have been simply 14 resale purchases at the area, consisting of a close-by bungalow that was marketed for $21.5 million ($2,431 psf) in September 2022.

The four strata bungalows are positioned about 500m from Sixth Avenue MRT Terminal on the Downtown Line and has easy access to highways including Dunearn Road and 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, and Hwa Chong Institute.

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