Four freehold strata bungalows in Vanda Crescent for sale at $33 mil
The sale presents a “unusual possibility” for a purchaser to obtain 4 freehold strata bungalows that are situated inside a distinctive special landed housing territory, states Tracy Goh, head of investment as well as cumulative sales at PropNex. “This collection of bungalows is specifically suited for multi-generation family members that desire to cohabit while having their very own space and personal privacy,” she includes.
Four property strata bungalows in Vanda Crescent will be introduced for deal on May 3 using private treaty, according to marketing agent PropNex Real estate in a May 2 news release. The overview cost of the properties is $33 million, or $2,690 psf on the property area.
Each bungalow has 5 en suite rooms in addition to its personal swimming pool and cellar level. The residences share an usual compound.
Goh indicates that ever since 2010, there have actually been just 14 secondhand purchases at the area, consisting of a neighboring bungalow that was marketed for $21.5 million ($2,431 psf) in September 2022.
The 4 bungalows rest on an area covering 12,264 sq ft and have a consolidated built-up area of 19,353 sq ft. They were built in 2009, with the owner wanting to sell them collectively. All 4 bungalows are currently rented plus will be sold with tenancies.
The real estates, held by an one proprietor, are situated off Dunearn Road in the Bukit Timah location in top Area 11. The properties lie close to the Eng Neo Avenue and Raffles Park Good Class Bungalow (GCB) spots.
Goh indicates that the latest hikes of the additional customer’s stamp duty (ABSD), which took effect on April 27, is not expected to influence demand for the bungalows at Vanda Crescent as foreigners are not authorized to acquire landed houses on mainland Singapore. Additionally, as the bungalows will certainly be sold under a single title, they would not need ABSD if the new buyer is a Singapore citizen and also a new house buyer.
She adds that freehold landed estates in Singapore have continually seen healthy and balanced rate progress, climbing by 13.3% and also 9.6% specifically in 2021 and even 2022. In 1Q2023, landed house costs climbed up 5.9% q-o-q. “We expect the restricted supply of landed homes in Singapore will certainly keep on support costs amidst stable interest for such real estates,” she claims.
The four strata bungalows are situated approximately 500m from Sixth Avenue MRT Station on the Downtown Line as well as has easy access to highways including 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’ Highschool, National Junior University, also Hwa Chong Institution.
