Four freehold strata bungalows in Vanda Crescent for sale at $33 mil
The real estates, secured by a single business owner, are situated off Dunearn Road in the Bukit Timah location in top District 11. The estates lie near the Eng Neo Avenue and Raffles Park Good Class Bungalow (GCB) places.
Four property strata bungalows in Vanda Crescent will likely be released for deal on May 3 by means of private treaty, according to marketing representative PropNex Real estate in a May 2 press release. The guide price of the properties is $33 million, or $2,690 psf on the property area.
She adds that freehold landed residences in Singapore have actually continually seen healthy and balanced cost development, rising by 13.3% and also 9.6% respectively in 2021 and 2022. In 1Q2023, landed house rates climbed up 5.9% q-o-q. “We anticipate the minimal amount of landed homes in Singapore will certainly continue to sustain prices amid steady demand for such residences,” she claims.
The 4 strata bungalows are positioned around 500m from Sixth Avenue MRT Station on the Downtown Line and also has access to highways like Dunearn Road and the Pan-Island Expressway. Schools close by include Raffles Girls’ Primary School, Methodist Girls’ School (Primary), Nanyang Primary School, Nanyang Girls’ Highschool, National Junior College, along with Hwa Chong Institute.
The 4 bungalows rest on a location covering 12,264 sq ft and have a mixed built-up area of 19,353 sq ft. They were built in 2009, with the proprietor seeking to offer them jointly. All four bungalows are presently rented out and even will certainly be marketed with occupancies.
The sale offers a “unusual opportunity” for a buyer to acquire 4 freehold strata bungalows that are nestled inside a distinctive private landed home surround, claims Tracy Goh, head of investment and also collective sales at PropNex. “This portfolio of bungalows is specifically matched for multi-generation families who want to live together while having their very own space and also personal privacy,” she adds.
Each bungalow has 5 en suite bedrooms together with its personal swimming pool and even cellar level. The homes offer a typical compound.
Goh indicates that ever since 2010, there have actually been just 14 resale purchases at the place, including a neighboring bungalow that was marketed for $21.5 million ($2,431 psf) in September 2022.
Goh indicates that the recent walks of the additional customer’s stamp duty (ABSD), which took effect on April 27, is not anticipated to affect need for the bungalows at Vanda Crescent as immigrants are not allowed to acquire landed homes on mainland Singapore. Furthermore, as the bungalows will be sold under a solitary title, they might not require ABSD if the purchaser is a Singapore national as well as a first-time residential property purchaser.
