Four freehold strata bungalows in Vanda Crescent for sale at $33 mil
The 4 bungalows sit on a location covering 12,264 sq ft and have a mixed built-up area of 19,353 sq ft. They were constructed in 2009, with the owner looking to offer them jointly. All 4 bungalows are at the moment rented out and will certainly be sold with tenancies.
Each bungalow has 5 en suite bed rooms in addition to its very own lap pool and even basement level. The homes offer a typical compound.
Four property strata bungalows in Vanda Crescent will likely be introduced for sale on May 3 through private treaty, according to advertising representative PropNex Realty in a May 2 news release. The overview cost of the properties is $33 million, or $2,690 psf on the property area.
Goh notes that the current walkings of the extra buyer’s stamp duty (ABSD), which worked on April 27, is not expected to impact need for the bungalows at Vanda Crescent as immigrants are not authorized to obtain landed homes on mainland Singapore. Furthermore, as the bungalows will certainly be sold under a single title, they may not call for ABSD if the client is a Singapore national and also a newbie house buyer.
The 4 strata bungalows are situated about 500m from Sixth Avenue MRT Terminal on the Downtown Line and has entry to highways including Dunearn Road and even the Pan-Island Expressway. Schools nearby consist of Raffles Girls’ Primary School, Methodist Girls’ School (Primary), Nanyang Primary School, Nanyang Girls’ High School, National Junior College, along with Hwa Chong Institute.
The sale presents a “uncommon opportunity” for an investor to get 4 freehold strata bungalows that are nestled throughout a premium private landed home surround, states Tracy Goh, head of financial investment and also collective sales at PropNex. “This portfolio of bungalows is particularly matched for multi-generation households that desire to cohabit while having their very own room and also privacy,” she adds.
She adds that freehold landed places in Singapore have actually continually seen healthy cost growth, increasing by 13.3% and also 9.6% respectively in 2021 and 2022. In 1Q2023, landed house rates climbed 5.9% q-o-q. “We anticipate the restricted source of landed homes in Singapore will remain to sustain rates amidst stable interest for such properties,” she says.
Goh notes that ever since 2010, there have actually been just 14 secondhand purchases at the locale, consisting of a nearby bungalow that was marketed for $21.5 million ($2,431 psf) in September 2022.
The real estates, held by a solo business owner, are situated off Dunearn Road in the Bukit Timah location in top District 11. The properties are located nearby the Eng Neo Avenue and Raffles Park Good Class Bungalow (GCB) places.