Four freehold strata bungalows in Vanda Crescent for sale at $33 mil
Four estate strata bungalows in Vanda Crescent will be released for deal on May 3 using private treaty, according to marketing representative PropNex Realty in a May 2 announcement. The overview rate of the real estates is $33 million, or $2,690 psf on the land area.
The four strata bungalows are located around 500m from Sixth Avenue MRT Terminal on the Downtown Line and also has access to main roads like Dunearn Roadway including 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 College, also Hwa Chong Institute.
The 4 bungalows rest on a location extending 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 offer them jointly. All four bungalows are at the moment rented and will be offered with occupancies.
Each bungalow has 5 en suite bed rooms along with its very own swimming pool and basement level. The homes share an usual compound.
The real estates, kept by an one business owner, are situated off Dunearn Road in the Bukit Timah area in key District 11. The properties lie near the Eng Neo Avenue and also Raffles Park Good Class Bungalow (GCB) places.
The sale presents a “uncommon possibility” for a purchaser to obtain four freehold strata bungalows that are nestled within a premium special landed residential enclave, claims Tracy Goh, head of investment and cumulative sales at PropNex. “This profile of bungalows is especially matched for multi-generation families who wish to live together while receiving their very own area and personal privacy,” she adds.
Goh mentions that since 2010, there have actually been just 14 resale purchases at the area, including a nearby bungalow that was sold for $21.5 million ($2,431 psf) in September 2022.
Goh mentions that the recent walks of the extra customer’s stamp duty (ABSD), which worked on April 27, is not anticipated to influence interest for the bungalows at Vanda Crescent as foreigners are not authorized to acquire landed houses on mainland Singapore. Furthermore, as the bungalows will certainly be sold under a solitary title, they might not require ABSD if the new buyer is a Singapore citizen and also a newbie residential property purchaser.
She adds that freehold landed residences in Singapore have consistently seen healthy price progress, increasing by 13.3% and 9.6% specifically in 2021 and even 2022. In 1Q2023, landed home rates climbed up 5.9% q-o-q. “We expect the restricted source of landed homes in Singapore will certainly continue to support prices amid stable need for such residential properties,” she claims.