Freehold Residential Land In Braddell Heights Estate On Sale For $1,000 Psf
2 adjoining, freehold non commercial parcels of land at Vaughan Road inside Braddell Heights Estate have been marketed via expression of interest by having a guide rate of $1,000 psf, disclosed promotion and marketing representative Knight Frank S’pore.
Taking pleasure in a 24 metre building front to Vaughan Rd, the dead end site in District 13 is presently utilized by 2 large semi-detached houses and contains a merged acreage of 12,294 square ft.
Knight Frank mentioned that interested purchasers have the ability to develop expansions and conversions to the current residences or recreate the ground into 2 attached bungalows or detached places. It included that multi-gen properties may similarly be designed on the location.
“The demand for landed properties in District thirteen has always been firm as this is a matured property neighbourhood with simple access to amenities, excellent schools, retail malls and even the close-by Serangoon MRT Interchange Station,” stated Ms Mary Sai, Executive Director, Capital Markets for L&B, Collective & Strata Sales, Knight Frank Singapore.
The expression of interest movement for the site concludes on 29Apr.
Urban Redevelopment Authority records explained that rates of landed homes declined 1.6percent q-o-q during the 4th quarter of 2K20, on the other hand increased 1.2percent for the whole ’20.
Rentals for this type of properties, on the other hand, escalated 0.7percent quarter-on-quarter in 4th quad 2K20. For the entire of ’20, hires for landed houses fell 2.7%.
Urban Redevelopment Authority is fixed to issue its flash estimations of the every three months cost index for exclusive home on 1 Apr as well as the subsequent quarterly property industry updates on 23Apr.