Four freehold strata bungalows in Vanda Crescent for sale at $33 mil
Four property strata bungalows in Vanda Crescent will be introduced for sale on May 3 by means of private treaty, according to marketing agent 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 real estate area.
Each bungalow has 5 en suite bedrooms along with its personal swimming pool and even cellar level. The residences share an usual compound.
The properties, kept by a single owner, are located off Dunearn Road in the Bukit Timah area in top District 11. The estates lie nearby the Eng Neo Avenue and also Raffles Park Good Class Bungalow (GCB) spots.
The sale represents a “uncommon possibility” for an investor to get 4 freehold strata bungalows that are snuggled inside a premium special landed household enclave, claims Tracy Goh, head of investment and cumulative sales at PropNex. “This profile of bungalows is especially suited for multi-generation families who want to live together while receiving their own room and also privacy,” she includes.
Goh notes that the current walkings of the added customer’s stamp duty (ABSD), which took effect on April 27, is not anticipated to impact need for the bungalows at Vanda Crescent as immigrants are not allowed to acquire landed homes on mainland Singapore. Furthermore, as the bungalows will certainly be sold under a single title, they might not call for ABSD if the client is a Singapore resident and also a newbie house buyer.
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The four strata bungalows are located about 500m from Sixth Avenue MRT Terminal on the Downtown Line and has easy access to main roads including Dunearn Roadway 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, also Hwa Chong Institute.
Goh mentions that ever since 2010, there have been just 14 resale purchases at the place, consisting of a nearby bungalow that was sold off for $21.5 million ($2,431 psf) in September 2022.
The 4 bungalows rest on a location covering 12,264 sq ft as well as have a combined built-up area of 19,353 sq ft. They were built in 2009, with the proprietor aiming to offer them jointly. All 4 bungalows are at the moment leased plus will be marketed with tenancies.
She includes that freehold landed residences in Singapore have regularly seen healthy and balanced rate progress, rising by 13.3% and 9.6% respectively in 2021 and 2022. In 1Q2023, landed residence costs climbed 5.9% q-o-q. “We anticipate the restricted amount of landed homes in Singapore will keep on support prices amidst steady interest for such real estates,” she claims.
