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

Four freehold strata bungalows in Vanda Crescent will likely be introduced for purchase on May 3 via private treaty, according to advertising representative PropNex Real estate in a May 2 news release. The overview rate of the real estates is $33 million, or $2,690 psf on the property area.

The real estates, secured by a single proprietor, are located off Dunearn Road in the Bukit Timah location in key Area 11. The properties are located near the Eng Neo Avenue and also Raffles Park Good Class Bungalow (GCB) areas.

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

Each bungalow has five en suite rooms together with its personal lap pool and even cellar level. The homes offer a typical compound.

She puts in that freehold landed estates in Singapore have consistently seen healthy cost development, climbing by 13.3% and 9.6% specifically in 2021 and 2022. In 1Q2023, landed home rates climbed 5.9% q-o-q. “We anticipate the minimal supply of landed homes in Singapore will remain to sustain costs in the middle of secure interest for such residential properties,” she claims.

The four bungalows sit on a location spanning 12,264 sq ft as well as have a consolidated built-up area of 19,353 sq ft. They were built in 2009, with the owner looking to market them jointly. All four bungalows are currently rented and even will certainly be offered with tenancies.

The sale presents a “unusual opportunity” for a purchaser to acquire four freehold strata bungalows that are situated throughout a distinctive private landed housing surround, says Tracy Goh, head of financial investment and also collective sales at PropNex. “This portfolio of bungalows is specifically fit for multi-generation families that desire to live together whilst having their own room and also personal privacy,” she adds.

Goh notes that ever since 2010, there have been simply 14 resale purchases at the locale, consisting of a nearby bungalow that was sold off for $21.5 million ($2,431 psf) in September 2022.

Goh notes that the latest walkings of the additional purchaser’s stamp duty (ABSD), which took effect on April 27, is not anticipated to influence need for the bungalows at Vanda Crescent as foreigners are not allowed to get landed houses on mainland Singapore. Furthermore, as the bungalows will certainly be offered under a solitary title, they might not call for ABSD if the client is a Singapore citizen as well as a newbie home buyer.

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