Four freehold strata bungalows in Vanda Crescent for sale at $33 mil
The 4 strata bungalows are positioned about 500m from Sixth Avenue MRT Station on the Downtown Line and also has easy access to main roads like Dunearn Roadway and the Pan-Island Expressway. Schools close by 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.
Goh indicates that since 2010, there have been just 14 resale transactions at the place, consisting of a nearby bungalow that was marketed for $21.5 million ($2,431 psf) in September 2022.
The sale presents a “uncommon chance” for a purchaser to obtain four freehold strata bungalows that are snuggled throughout an exclusive private landed housing surround, says Tracy Goh, head of investment and cumulative sales at PropNex. “This collection of bungalows is specifically suited for multi-generation family members who want to live together whilst receiving their very own space and personal privacy,” she adds in.
She adds that freehold landed homes in Singapore have regularly seen healthy and balanced cost development, rising by 13.3% and also 9.6% respectively in 2021 and 2022. In 1Q2023, landed house rates climbed up 5.9% q-o-q. “We anticipate the minimal amount of landed homes in Singapore will keep on sustain costs in the middle of secure need for such real estates,” she claims.
The four bungalows sit on an area covering 12,264 sq ft and have a combined built-up area of 19,353 sq ft. They were constructed in 2009, with the proprietor aiming to sell them jointly. All 4 bungalows are presently leased and will be offered with occupancies.
Each bungalow has 5 en suite bedrooms along with its personal lap pool and cellar level. The residences share a typical compound.
Goh indicates that the latest hikes of the additional buyer’s stamp duty (ABSD), which took effect on April 27, is not expected to influence demand for the bungalows at Vanda Crescent as immigrants are not allowed to get landed houses on mainland Singapore. Furthermore, as the bungalows will be marketed under a single title, they may not need ABSD if the purchaser is a Singapore national and a first-time residential property purchaser.
The real estates, kept by a single owner, are located off Dunearn Road in the Bukit Timah location in prime District 11. The real estates lie nearby the Eng Neo Avenue and Raffles Park Good Class Bungalow (GCB) spots.
Four estate strata bungalows in Vanda Crescent will be launched for deal on May 3 using private treaty, according to advertising representative PropNex Realty in a May 2 announcement. The guide price of the real estates is $33 million, or $2,690 psf on the property area.