Four freehold strata bungalows in Vanda Crescent for sale at $33 mil
Four freehold strata bungalows in Vanda Crescent will be launched for sale on May 3 using private treaty, according to marketing agent PropNex Real estate in a May 2 press release. The overview price of the properties is $33 million, or $2,690 psf on the land area.
The four bungalows rest on a location spanning 12,264 sq ft and also have a consolidated built-up area of 19,353 sq ft. They were integrated in 2009, with the proprietor aiming to offer them jointly. All four bungalows are at the moment rented and even will be offered with tenancies.
She adds that freehold landed homes in Singapore have actually constantly seen healthy cost progress, increasing by 13.3% and 9.6% specifically in 2021 and even 2022. In 1Q2023, landed house rates climbed 5.9% q-o-q. “We anticipate the minimal amount of landed homes in Singapore will remain to support costs in the middle of secure interest for such properties,” she says.
Goh indicates that the latest walkings of the additional buyer’s stamp duty (ABSD), which took effect on April 27, is not anticipated to influence interest for the bungalows at Vanda Crescent as foreigners are not permitted to acquire landed residences on mainland Singapore. Furthermore, as the bungalows will certainly be sold under a single title, they may not need ABSD if the buyer is a Singapore national and a new residential property purchaser.
Goh mentions that ever since 2010, there have been just 14 resale purchases at the area, including a nearby bungalow that was offered for $21.5 million ($2,431 psf) in September 2022.
The four strata bungalows are positioned approximately 500m from Sixth Avenue MRT Station on the Downtown Line and also has entry to main roads including Dunearn Roadway including the Pan-Island Expressway. Schools close by include Raffles Girls’ Primary School, Methodist Girls’ School (Primary), Nanyang Primary School, Nanyang Girls’ High School, National Junior University, also Hwa Chong Institute.
Each bungalow has five en suite bed rooms along with its very own swimming pool and even basement level. The houses offer a typical compound.
The sale offers a “uncommon opportunity” for a buyer to obtain 4 freehold strata bungalows that are snuggled throughout an exclusive private landed housing surround, says Tracy Goh, head of investment as well as collective sales at PropNex. “This profile of bungalows is particularly suited for multi-generation family members that desire to cohabit while having their own room and also privacy,” she includes.
The real estates, kept by an one owner, are located off Dunearn Road in the Bukit Timah location in key District 11. The estates lie near the Eng Neo Avenue and also Raffles Park Good Class Bungalow (GCB) areas.