Four freehold strata bungalows in Vanda Crescent for sale at $33 mil
Each bungalow has 5 en suite bedrooms in addition to its very own swimming pool including basement level. The homes offer an usual compound.
The properties, held by an one business owner, are located off Dunearn Road in the Bukit Timah area in key District 11. The properties lie close to the Eng Neo Avenue and also Raffles Park Good Class Bungalow (GCB) locations.
Four freehold strata bungalows in Vanda Crescent will be introduced for deal on May 3 by means of private treaty, according to marketing agent PropNex Realty in a May 2 press release. The overview rate of the properties is $33 million, or $2,690 psf on the property area.
The four strata bungalows are situated around 500m from Sixth Avenue MRT Station on the Downtown Line and has easy access to main roads like Dunearn Roadway and even the Pan-Island Expressway. Schools close by consist of Raffles Girls’ Primary School, Methodist Girls’ School (Primary), Nanyang Primary School, Nanyang Girls’ High School, National Junior University, along with Hwa Chong Institute.
She includes that freehold landed residences in Singapore have actually consistently seen healthy price growth, climbing by 13.3% and 9.6% respectively in 2021 and 2022. In 1Q2023, landed home prices climbed up 5.9% q-o-q. “We anticipate the restricted amount of landed homes in Singapore will keep on sustain rates amid secure interest for such properties,” she claims.
Goh indicates that as 2010, there have been simply 14 resale deals at the place, including a close-by bungalow that was sold for $21.5 million ($2,431 psf) in September 2022.
Goh indicates that the current hikes of the added buyer’s stamp duty (ABSD), which took effect on April 27, is not anticipated to influence need for the bungalows at Vanda Crescent as immigrants are not allowed to acquire landed residences on mainland Singapore. In addition, as the bungalows will be offered under a solitary title, they would not need ABSD if the client is a Singapore national and also a new home buyer.
The sale offers a “rare opportunity” for a purchaser to get 4 freehold strata bungalows that are snuggled within a premium nonpublic landed housing surround, says Tracy Goh, head of financial investment as well as collective sales at PropNex. “This collection of bungalows is particularly matched for multi-generation family members who desire to cohabit whilst possessing their own space and also privacy,” she includes.
The four bungalows remain on a site spanning 12,264 sq ft and also have a mixed built-up area of 19,353 sq ft. They were constructed in 2009, with the proprietor wanting to offer them collectively. All four bungalows are presently rented and even will certainly be sold with occupancies.