Four freehold strata bungalows in Vanda Crescent for sale at $33 mil
4 property strata bungalows in Vanda Crescent will be launched for deal on May 3 by means of private treaty, according to marketing agent 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.
She includes that freehold landed places in Singapore have actually consistently seen healthy and balanced rate development, rising by 13.3% and also 9.6% respectively in 2021 and 2022. In 1Q2023, landed house prices rose 5.9% q-o-q. “We anticipate the limited source of landed homes in Singapore will keep on sustain rates amidst steady need for such real estates,” she says.
The 4 strata bungalows are positioned about 500m from Sixth Avenue MRT Terminal on the Downtown Line as well as has entry to main roads like Dunearn Roadway including 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 College, along with Hwa Chong Institute.
The sale offers a “rare chance” for an investor to get four freehold strata bungalows that are snuggled within an exclusive private landed residential enclave, claims Tracy Goh, head of financial investment and also collective sales at PropNex. “This portfolio of bungalows is specifically suited for multi-generation families who want to cohabit whilst possessing their very own room and also personal privacy,” she includes.
The 4 bungalows remain on an area extending 12,264 sq ft as well as have a consolidated built-up area of 19,353 sq ft. They were integrated in 2009, with the owner looking to offer them jointly. All 4 bungalows are at the moment rented and will certainly be offered with occupancies.
The real estates, held by an one proprietor, are situated off Dunearn Road in the Bukit Timah location in top Area 11. The real estates lie nearby the Eng Neo Avenue and also Raffles Park Good Class Bungalow (GCB) spots.
Goh indicates that ever since 2010, there have actually been simply 14 secondhand deals at the locale, consisting of a neighboring bungalow that was sold off for $21.5 million ($2,431 psf) in September 2022.
Each bungalow has 5 en suite rooms in addition to its personal lap pool and basement level. The homes share a common compound.
Goh mentions that the recent hikes of the extra customer’s stamp duty (ABSD), which took effect on April 27, is not anticipated to impact interest for the bungalows at Vanda Crescent as foreigners are not allowed to acquire landed residences on mainland Singapore. Additionally, as the bungalows will certainly be offered under a single title, they would not need ABSD if the client is a Singapore citizen as well as a newbie house purchaser.