Four freehold strata bungalows in Vanda Crescent for sale at $33 mil
4 property strata bungalows in Vanda Crescent will likely be released for purchase on May 3 using private treaty, according to marketing agent PropNex Realty in a May 2 announcement. The guide price of the properties is $33 million, or $2,690 psf on the land area.
Goh notes that ever since 2010, there have actually been just 14 secondhand deals at the locale, including a neighboring bungalow that was sold off for $21.5 million ($2,431 psf) in September 2022.
The properties, held by a solo business owner, are located off Dunearn Road in the Bukit Timah location in prime Area 11. The estates are located nearby the Eng Neo Avenue and also Raffles Park Good Class Bungalow (GCB) places.
The sale offers a “rare chance” for an investor to obtain 4 freehold strata bungalows that are nestled throughout a premium nonpublic landed home surround, claims Tracy Goh, head of financial investment and cumulative 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 also privacy,” she includes.
Goh notes that the recent walks of the additional purchaser’s stamp duty (ABSD), which worked on April 27, is not expected to affect interest for the bungalows at Vanda Crescent as immigrants are not permitted to obtain landed residences on mainland Singapore. On top of that, as the bungalows will certainly be marketed under a single title, they might not require ABSD if the buyer is a Singapore resident and also a new house buyer.
Each bungalow has 5 en suite rooms in addition to its own lap pool including cellar level. The homes share a common compound.
The 4 strata bungalows are positioned around 500m from Sixth Avenue MRT Station on the Downtown Line and also has access to highways such as Dunearn Road and the Pan-Island Expressway. Schools not far away include Raffles Girls’ Primary School, Methodist Girls’ School (Primary), Nanyang Primary School, Nanyang Girls’ Highschool, National Junior College, along with Hwa Chong Institution.
The four bungalows rest on a location covering 12,264 sq ft and also have a consolidated built-up area of 19,353 sq ft. They were integrated in 2009, with the proprietor seeking to sell them jointly. All 4 bungalows are presently leased and even will certainly be offered with tenancies.
She includes that freehold landed residences in Singapore have consistently seen healthy cost development, climbing by 13.3% and also 9.6% respectively in 2021 and even 2022. In 1Q2023, landed house costs rose 5.9% q-o-q. “We expect the limited source of landed homes in Singapore will keep on sustain rates amid secure need for such properties,” she claims.
