Four freehold strata bungalows in Vanda Crescent for sale at $33 mil
4 property strata bungalows in Vanda Crescent will likely be introduced for deal on May 3 by means of private treaty, according to marketing representative PropNex Real estate in a May 2 announcement. The overview cost of the real estates is $33 million, or $2,690 psf on the land area.
The 4 strata bungalows are located approximately 500m from Sixth Avenue MRT Station on the Downtown Line and also has easy access to main roads such as Dunearn Road and even the Pan-Island Expressway. Schools not far away consist of Raffles Girls’ Primary School, Methodist Girls’ School (Primary), Nanyang Primary School, Nanyang Girls’ High School, National Junior College, and Hwa Chong Institute.
The sale represents a “uncommon opportunity” for an investor to acquire 4 freehold strata bungalows that are nestled inside a premium private landed household territory, says Tracy Goh, head of investment and cumulative sales at PropNex. “This collection of bungalows is specifically suited for multi-generation families who wish to cohabit while receiving their very own room and privacy,” she adds.
Goh mentions that the recent walks of the additional purchaser’s stamp duty (ABSD), which took effect on April 27, is not anticipated to affect interest for the bungalows at Vanda Crescent as immigrants are not allowed to obtain landed homes on mainland Singapore. On top of that, as the bungalows will be offered under a solitary title, they may not need ABSD if the purchaser is a Singapore citizen and also a newbie house customer.
Goh notes that as 2010, there have been just 14 secondhand purchases at the area, consisting of a neighboring bungalow that was sold for $21.5 million ($2,431 psf) in September 2022.
She puts in that freehold landed residences in Singapore have actually consistently seen healthy rate progress, increasing by 13.3% and 9.6% specifically in 2021 and 2022. In 1Q2023, landed house prices ascended 5.9% q-o-q. “We expect the minimal source of landed homes in Singapore will certainly keep on sustain prices amidst secure demand for such residential properties,” she states.
The properties, held by a solo owner, are situated off Dunearn Road in the Bukit Timah location in prime District 11. The real estates lie close to the Eng Neo Avenue and Raffles Park Good Class Bungalow (GCB) areas.
Each bungalow has five en suite bedrooms together with its own lap pool and even basement level. The houses offer a common compound.
The four bungalows sit on an area covering 12,264 sq ft and have a mixed built-up area of 19,353 sq ft. They were constructed in 2009, with the owner looking to sell them jointly. All four bungalows are at the moment leased plus will be offered with occupancies.