Four freehold strata bungalows in Vanda Crescent for sale at $33 mil
The sale presents a “rare possibility” for a purchaser to get four freehold strata bungalows that are nestled inside an exclusive private landed home territory, says Tracy Goh, head of financial investment as well as collective sales at PropNex. “This profile of bungalows is particularly matched for multi-generation households that wish to live together while possessing their own area and also personal privacy,” she adds.
The 4 strata bungalows are situated about 500m from Sixth Avenue MRT Terminal on the Downtown Line as well as has access to highways including 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 University, along with Hwa Chong Institution.
Goh indicates that the recent walks of the extra customer’s stamp duty (ABSD), which took effect on April 27, is not anticipated to impact need for the bungalows at Vanda Crescent as foreigners are not authorized to acquire landed houses on mainland Singapore. On top of that, as the bungalows will certainly be offered under a solitary title, they would not require ABSD if the new buyer is a Singapore citizen as well as a first-time home buyer.
Four freehold strata bungalows in Vanda Crescent will likely be introduced for sale on May 3 via private treaty, according to marketing agent PropNex Realty in a May 2 announcement. The overview price of the properties is $33 million, or $2,690 psf on the property area.
Each bungalow has 5 en suite bedrooms together with its personal lap pool including basement level. The houses offer an usual compound.
The four bungalows rest on a location extending 12,264 sq ft and have a mixed built-up area of 19,353 sq ft. They were integrated in 2009, with the proprietor wanting to sell them collectively. All four bungalows are currently rented and even will certainly be offered with tenancies.
The properties, secured by a solo owner, are located off Dunearn Road in the Bukit Timah location in top Area 11. The estates lie nearby the Eng Neo Avenue and Raffles Park Good Class Bungalow (GCB) spots.
She puts in that freehold landed places in Singapore have consistently seen healthy and balanced price growth, climbing by 13.3% and 9.6% respectively in 2021 and even 2022. In 1Q2023, landed residence prices ascended 5.9% q-o-q. “We expect the minimal supply of landed homes in Singapore will remain to support prices amid steady interest for such real estates,” she says.
Goh indicates that ever since 2010, there have actually been simply 14 resale deals at the area, including a neighboring bungalow that was offered for $21.5 million ($2,431 psf) in September 2022.