Four freehold strata bungalows in Vanda Crescent for sale at $33 mil
The sale represents a “unusual opportunity” for a purchaser to get 4 freehold strata bungalows that are nestled within an exclusive private landed residential enclave, says Tracy Goh, head of investment and also collective sales at PropNex. “This portfolio of bungalows is specifically suited for multi-generation family members that wish to cohabit while possessing their own space and also personal privacy,” she adds in.
Each bungalow has five en suite rooms along with its personal lap pool and even cellar level. The homes offer a common compound.
The real estates, held by an one proprietor, are located off Dunearn Road in the Bukit Timah location in prime District 11. The estates are located close to the Eng Neo Avenue and Raffles Park Good Class Bungalow (GCB) locations.
The 4 strata bungalows are situated about 500m from Sixth Avenue MRT Station on the Downtown Line and also has entry to highways including Dunearn Road and even the Pan-Island Expressway. Schools close by consist of Raffles Girls’ Primary School, Methodist Girls’ School (Primary), Nanyang Primary School, Nanyang Girls’ Highschool, National Junior University, along with Hwa Chong Institution.
The four bungalows rest on an area covering 12,264 sq ft and have a combined built-up area of 19,353 sq ft. They were integrated in 2009, with the proprietor seeking to market them collectively. All four bungalows are at the moment rented out plus will be offered with tenancies.
Four property strata bungalows in Vanda Crescent will likely be launched for deal on May 3 through private treaty, according to advertising representative PropNex Real estate in a May 2 news release. The overview cost of the properties is $33 million, or $2,690 psf on the real estate area.
Goh mentions that the current hikes of the extra customer’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. Additionally, as the bungalows will certainly be offered under a solitary title, they might not need ABSD if the client is a Singapore national as well as a new residential property customer.
Goh mentions that ever since 2010, there have been simply 14 secondhand transactions at the locale, consisting of a neighboring bungalow that was sold off for $21.5 million ($2,431 psf) in September 2022.
She puts in that freehold landed residences in Singapore have actually consistently seen healthy rate progress, increasing by 13.3% and also 9.6% respectively in 2021 and 2022. In 1Q2023, landed house rates ascended 5.9% q-o-q. “We anticipate the restricted source of landed homes in Singapore will remain to support costs amid steady demand for such residences,” she says.