Four freehold strata bungalows in Vanda Crescent for sale at $33 mil
4 estate strata bungalows in Vanda Crescent will likely be introduced for deal on May 3 through private treaty, according to advertising agent PropNex Realty in a May 2 announcement. The overview cost of the properties is $33 million, or $2,690 psf on the land area.
Goh mentions that the latest walks of the extra buyer’s stamp duty (ABSD), which worked on April 27, is not anticipated to affect need for the bungalows at Vanda Crescent as foreigners are not allowed to get landed houses on mainland Singapore. Additionally, as the bungalows will certainly be marketed under a solitary title, they would not need ABSD if the new buyer is a Singapore citizen as well as a newbie house purchaser.
Goh notes that as 2010, there have been just 14 secondhand purchases at the area, including a close-by bungalow that was sold off for $21.5 million ($2,431 psf) in September 2022.
The real estates, secured by a solo proprietor, are situated off Dunearn Road in the Bukit Timah area in top District 11. The real estates are located close to the Eng Neo Avenue and also Raffles Park Good Class Bungalow (GCB) places.
Each bungalow has 5 en suite bedrooms in addition to its personal swimming pool and cellar level. The houses share a common compound.
The 4 bungalows remain on a site extending 12,264 sq ft and also have a mixed built-up area of 19,353 sq ft. They were constructed in 2009, with the proprietor seeking to market them collectively. All 4 bungalows are currently rented out and even will be sold with occupancies.
The four strata bungalows are located approximately 500m from Sixth Avenue MRT Station on the Downtown Line and also has access to highways including Dunearn Roadway and even 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.
The sale represents a “unusual chance” for an investor to get 4 freehold strata bungalows that are snuggled throughout a distinctive nonpublic landed home territory, claims Tracy Goh, head of financial investment and collective sales at PropNex. “This collection of bungalows is specifically matched for multi-generation family members that wish to cohabit whilst having their own space and also personal privacy,” she includes.
She adds that freehold landed estates in Singapore have consistently seen healthy and balanced price development, climbing by 13.3% and also 9.6% respectively in 2021 and 2022. In 1Q2023, landed home costs rose 5.9% q-o-q. “We expect the minimal source of landed homes in Singapore will certainly remain to sustain prices in the middle of steady interest for such properties,” she claims.