Four freehold strata bungalows in Vanda Crescent for sale at $33 mil

The sale represents a “uncommon possibility” for an investor to get four freehold strata bungalows that are nestled throughout a distinctive special landed residential territory, says Tracy Goh, head of financial investment as well as collective sales at PropNex. “This portfolio of bungalows is particularly matched for multi-generation family members who desire to live together whilst possessing their very own space and privacy,” she adds.

Goh mentions that the latest walkings of the added customer’s stamp duty (ABSD), which took effect on April 27, is not expected to impact demand for the bungalows at Vanda Crescent as immigrants are not permitted to obtain landed residences on mainland Singapore. Additionally, as the bungalows will certainly be marketed under a solitary title, they may not need ABSD if the client is a Singapore resident as well as a first-time home buyer.

Tembusu Grand City Development Ltd

The properties, kept by a solo business owner, are located off Dunearn Road in the Bukit Timah location in top Area 11. The estates lie near the Eng Neo Avenue and Raffles Park Good Class Bungalow (GCB) locations.

Each bungalow has five en suite bed rooms along with its personal lap pool including basement level. The residences share a typical compound.

Goh mentions that since 2010, there have actually been simply 14 resale deals at the locale, including a neighboring bungalow that was offered for $21.5 million ($2,431 psf) in September 2022.

She includes that freehold landed homes in Singapore have regularly seen healthy price progress, climbing by 13.3% and also 9.6% respectively in 2021 and even 2022. In 1Q2023, landed home prices rose 5.9% q-o-q. “We expect the restricted supply of landed homes in Singapore will certainly remain to support prices in the middle of secure need for such properties,” she states.

Four freehold strata bungalows in Vanda Crescent will likely be released for sale on May 3 via private treaty, according to marketing agent PropNex Realty in a May 2 news release. The overview price of the real estates is $33 million, or $2,690 psf on the land area.

The four bungalows remain on an area covering 12,264 sq ft and have a combined built-up area of 19,353 sq ft. They were built in 2009, with the owner wanting to offer them collectively. All four bungalows are at the moment leased and even will be offered with tenancies.

The four strata bungalows are located approximately 500m from Sixth Avenue MRT Station on the Downtown Line and also has entry to highways including Dunearn Road including the Pan-Island Expressway. Schools close by consist of Raffles Girls’ Primary School, Methodist Girls’ School (Primary), Nanyang Primary School, Nanyang Girls’ Highschool, National Junior University, and Hwa Chong Institution.

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