Four freehold strata bungalows in Vanda Crescent for sale at $33 mil
4 property strata bungalows in Vanda Crescent will likely be launched for purchase on May 3 via private treaty, according to marketing agent PropNex Real estate in a May 2 news release. The guide price of the real estates is $33 million, or $2,690 psf on the land area.
Goh indicates that ever since 2010, there have actually been simply 14 secondhand purchases at the area, including a close-by bungalow that was sold off for $21.5 million ($2,431 psf) in September 2022.
Each bungalow has 5 en suite bedrooms along with its very own lap pool and basement level. The houses offer a common compound.
The four bungalows sit on an area spanning 12,264 sq ft and have a consolidated built-up area of 19,353 sq ft. They were constructed in 2009, with the owner looking to sell them jointly. All four bungalows are currently leased and even will certainly be marketed with tenancies.
The sale presents a “unusual possibility” for a buyer to get 4 freehold strata bungalows that are nestled inside a distinctive nonpublic landed residential enclave, claims Tracy Goh, head of investment as well as collective sales at PropNex. “This portfolio of bungalows is especially fit for multi-generation families who desire to live together whilst possessing their very own room and personal privacy,” she adds in.
The 4 strata bungalows are positioned approximately 500m from Sixth Avenue MRT Terminal on the Downtown Line as well as has entry to main roads such as Dunearn Road and even the Pan-Island Expressway. Schools not far away include Raffles Girls’ Primary School, Methodist Girls’ School (Primary), Nanyang Primary School, Nanyang Girls’ High School, National Junior University, and Hwa Chong Institution.
She puts in that freehold landed homes in Singapore have actually continually seen healthy and balanced price growth, rising by 13.3% and also 9.6% respectively in 2021 and 2022. In 1Q2023, landed home costs climbed up 5.9% q-o-q. “We expect the limited supply of landed homes in Singapore will certainly keep on support costs amid stable demand for such residences,” she says.
The real estates, secured by an one business owner, are situated off Dunearn Road in the Bukit Timah area in prime Area 11. The estates lie nearby the Eng Neo Avenue and Raffles Park Good Class Bungalow (GCB) locations.
Goh indicates that the recent walks of the additional purchaser’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 allowed to obtain landed homes on mainland Singapore. On top of that, as the bungalows will be marketed under a single title, they would not need ABSD if the new buyer is a Singapore national and also a novice house purchaser.
