Four freehold strata bungalows in Vanda Crescent for sale at $33 mil
Four freehold strata bungalows in Vanda Crescent will likely be launched for purchase on May 3 using private treaty, according to marketing agent PropNex Realty in a May 2 news release. The overview price of the properties is $33 million, or $2,690 psf on the property area.
She includes that freehold landed estates in Singapore have continually seen healthy rate development, climbing by 13.3% and also 9.6% respectively in 2021 and 2022. In 1Q2023, landed home prices rose 5.9% q-o-q. “We anticipate the limited supply of landed homes in Singapore will continue to support rates amid stable interest for such properties,” she says.
The four strata bungalows are situated around 500m from Sixth Avenue MRT Terminal on the Downtown Line and also has access to highways such as Dunearn Roadway and the Pan-Island Expressway. Schools nearby include Raffles Girls’ Primary School, Methodist Girls’ School (Primary), Nanyang Primary School, Nanyang Girls’ Highschool, National Junior College, also Hwa Chong Institute.
The sale represents a “rare opportunity” for a buyer to get 4 freehold strata bungalows that are snuggled within a premium special landed housing enclave, says Tracy Goh, head of investment and also cumulative sales at PropNex. “This portfolio of bungalows is specifically matched for multi-generation families who want to cohabit while having their very own room and privacy,” she adds in.
The real estates, kept by a single business owner, are situated off Dunearn Road in the Bukit Timah area in key Area 11. The estates are located nearby the Eng Neo Avenue and Raffles Park Good Class Bungalow (GCB) places.
Goh indicates that the current walkings of the extra purchaser’s stamp duty (ABSD), which took effect on April 27, is not expected to impact interest for the bungalows at Vanda Crescent as immigrants are not authorized to get landed residences on mainland Singapore. In addition, as the bungalows will be offered under a solitary title, they might not call for ABSD if the buyer is a Singapore resident as well as a novice home buyer.
Goh indicates that as 2010, there have actually been just 14 secondhand purchases at the area, consisting of a nearby bungalow that was sold off for $21.5 million ($2,431 psf) in September 2022.
Each bungalow has 5 en suite bed rooms along with its very own lap pool and cellar level. The houses offer an usual compound.
The four bungalows sit on an area covering 12,264 sq ft and also have a mixed built-up area of 19,353 sq ft. They were built in 2009, with the proprietor wanting to sell them jointly. All four bungalows are at the moment leased and even will be sold with occupancies.