Four freehold strata bungalows in Vanda Crescent for sale at $33 mil

Each bungalow has 5 en suite bedrooms together with its own swimming pool including cellar level. The homes share an usual compound.

She adds that freehold landed places in Singapore have consistently seen healthy cost development, increasing by 13.3% and also 9.6% respectively in 2021 and even 2022. In 1Q2023, landed home costs ascended 5.9% q-o-q. “We expect the restricted source of landed homes in Singapore will remain to sustain costs in the middle of stable interest for such real estates,” she states.

Goh notes that the recent hikes of the added customer’s stamp duty (ABSD), which worked on April 27, is not anticipated to impact interest for the bungalows at Vanda Crescent as foreigners are not allowed to acquire landed residences on mainland Singapore. On top of that, as the bungalows will be sold under a single title, they would not need ABSD if the client is a Singapore resident and also a first-time home purchaser.

The 4 bungalows remain on a site spanning 12,264 sq ft as well as have a mixed built-up area of 19,353 sq ft. They were integrated in 2009, with the proprietor seeking to market them collectively. All four bungalows are presently rented and even will be offered with occupancies.

The four strata bungalows are situated about 500m from Sixth Avenue MRT Station on the Downtown Line and also has easy access to highways including 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’ Highschool, National Junior University, and Hwa Chong Institution.

The real estates, held by an one proprietor, are located off Dunearn Road in the Bukit Timah area in key District 11. The real estates are located nearby the Eng Neo Avenue and Raffles Park Good Class Bungalow (GCB) areas.

Sky Eden condominium

Four estate strata bungalows in Vanda Crescent will be introduced for purchase on May 3 through private treaty, according to advertising agent PropNex Realty in a May 2 press release. The overview price of the properties is $33 million, or $2,690 psf on the land area.

Goh notes that ever since 2010, there have actually been just 14 secondhand purchases at the place, consisting of a nearby bungalow that was sold for $21.5 million ($2,431 psf) in September 2022.

The sale presents a “uncommon chance” for an investor to get 4 freehold strata bungalows that are situated inside an exclusive nonpublic landed home enclave, claims Tracy Goh, head of investment as well as cumulative sales at PropNex. “This profile of bungalows is particularly matched for multi-generation families that wish to cohabit whilst receiving their very own space and privacy,” she adds.

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