Four freehold strata bungalows in Vanda Crescent for sale at $33 mil
4 property strata bungalows in Vanda Crescent will likely be released for sale on May 3 via private treaty, according to advertising agent PropNex Realty in a May 2 press release. The overview cost of the real estates is $33 million, or $2,690 psf on the land area.
The sale represents a “unusual opportunity” for a buyer to acquire four freehold strata bungalows that are nestled throughout an exclusive nonpublic landed home enclave, claims Tracy Goh, head of financial investment as well as cumulative sales at PropNex. “This collection of bungalows is particularly fit for multi-generation households that want to cohabit while having their own room and also personal privacy,” she adds.
Goh indicates that the latest walkings of the additional purchaser’s stamp duty (ABSD), which worked on April 27, is not expected to affect demand for the bungalows at Vanda Crescent as immigrants are not authorized to acquire landed residences on mainland Singapore. In addition, as the bungalows will be sold under a solitary title, they might not need ABSD if the client is a Singapore resident as well as a newbie home purchaser.
The 4 strata bungalows are located about 500m from Sixth Avenue MRT Station on the Downtown Line and has entry to main roads including Dunearn Roadway including the Pan-Island Expressway. Schools nearby consist of Raffles Girls’ Primary School, Methodist Girls’ School (Primary), Nanyang Primary School, Nanyang Girls’ Highschool, National Junior University, and Hwa Chong Institute.
Goh indicates that as 2010, there have been simply 14 resale transactions at the place, consisting of a neighboring bungalow that was offered for $21.5 million ($2,431 psf) in September 2022.
She puts in that freehold landed residences in Singapore have continually seen healthy and balanced price development, rising by 13.3% and 9.6% respectively in 2021 and even 2022. In 1Q2023, landed home prices climbed 5.9% q-o-q. “We expect the minimal source of landed homes in Singapore will continue to sustain prices in the middle of secure demand for such real estates,” she states.
The four bungalows sit on an area covering 12,264 sq ft as well as have a combined built-up area of 19,353 sq ft. They were integrated in 2009, with the proprietor aiming to market them collectively. All 4 bungalows are at the moment rented out and will be marketed with occupancies.
The properties, secured by an one owner, are situated off Dunearn Road in the Bukit Timah location in top District 11. The estates are located nearby the Eng Neo Avenue and also Raffles Park Good Class Bungalow (GCB) spots.
Each bungalow has 5 en suite bed rooms along with its own swimming pool and even basement level. The homes offer a typical compound.