Freehold Residential Land In Braddell Heights Estate On Sale For $1,000 Psf
Two adjoining, free lease household parcels of land at Vaughan Road amongst Braddell Heights Estate have already gotten marketed through expression of interest by having a lead figure of $1,000 per square foot, announced promotion and marketing professional Knight Frank SGP.
Enjoying a 24-metre frontage to Vaughan Road, the dead end location in District thirteen is presently inhabited by 2 huge semi-D residences also comes with a joined land area of 12.294K square foot.
Knight Frank noticed that interested home buyers are able to create inclusions and adjustments to the existing homes or redevelop the area into 2 attached bungalows or detached residential properties. It included that multi-gen residences have the ability to also be built on the site.
“The demand for landed properties in District 13 has existed strong as this particular area is an older non commercial neighbourhood with effortless connectivity to services, top schools, retail malls as well as the close-by Serangoon Mass Rapid Transit Interchange Station,” said Ms Mary Sai, Executive Director, Capital Markets for L&B, C&SS, Knight Frank S’pore.
The expression of interest exercise for the area discontinues on 29April.
Urban Redevelopment Authority files revealed that prices of landed homes receded 1.6% q-o-q in the fourth quart of 2K20, on the other hand climbed 1.2percent for the full ’20.
Rentals for this kind of properties, otherwise, escalated 0.7percent quarter-on-quarter in Q4 ’20. For the overall of ’20, leasings for landed home properties slipped 2.7percent.
URA is ready to launch its flash estimations of the every quarter cost guide for private property on 1 April as well as the next quarterly property market updates on 23April.