Four freehold strata bungalows in Vanda Crescent for sale at $33 mil
Each bungalow has five en suite rooms in addition to its very own swimming pool and even cellar level. The homes share a typical compound.
She adds that freehold landed homes in Singapore have constantly seen healthy and balanced rate progress, rising by 13.3% and 9.6% respectively in 2021 and 2022. In 1Q2023, landed residence costs rose 5.9% q-o-q. “We anticipate the restricted amount of landed homes in Singapore will remain to support costs in the middle of stable demand for such properties,” she claims.
The four bungalows rest on an area spanning 12,264 sq ft and also have a combined built-up area of 19,353 sq ft. They were constructed in 2009, with the owner aiming to market them collectively. All four bungalows are at the moment rented out plus will certainly be marketed with occupancies.
The sale offers a “uncommon chance” for an investor to acquire 4 freehold strata bungalows that are nestled inside an exclusive private landed housing territory, claims Tracy Goh, head of financial investment and also cumulative sales at PropNex. “This portfolio of bungalows is particularly suited for multi-generation families who desire to cohabit while having their very own area and also privacy,” she adds in.
The 4 strata bungalows are situated around 500m from Sixth Avenue MRT Terminal on the Downtown Line and also has easy access to main roads like Dunearn Road and even the Pan-Island Expressway. Schools not far away consist of Raffles Girls’ Primary School, Methodist Girls’ School (Primary), Nanyang Primary School, Nanyang Girls’ High School, National Junior College, along with Hwa Chong Institution.
The properties, kept by an one owner, are situated off Dunearn Road in the Bukit Timah location in top District 11. The estates lie nearby the Eng Neo Avenue and Raffles Park Good Class Bungalow (GCB) spots.
Goh mentions that since 2010, there have actually been simply 14 resale purchases at the locale, consisting of a close-by bungalow that was offered for $21.5 million ($2,431 psf) in September 2022.
Four property strata bungalows in Vanda Crescent will likely be introduced for deal on May 3 via private treaty, according to marketing representative PropNex Realty in a May 2 announcement. The overview price of the real estates is $33 million, or $2,690 psf on the real estate area.
Goh indicates that the current hikes 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 permitted to obtain landed residences on mainland Singapore. In addition, as the bungalows will be sold under a solitary title, they may not require ABSD if the purchaser is a Singapore citizen and a newbie home customer.
