Four freehold strata bungalows in Vanda Crescent for sale at $33 mil
The 4 bungalows remain on a location covering 12,264 sq ft and have a combined built-up area of 19,353 sq ft. They were built in 2009, with the owner wanting to market them collectively. All four bungalows are presently rented and will certainly be offered with occupancies.
Goh mentions that the current walks of the extra buyer’s stamp duty (ABSD), which took effect on April 27, is not expected to influence demand for the bungalows at Vanda Crescent as foreigners are not authorized to acquire landed houses on mainland Singapore. In addition, as the bungalows will certainly be offered under a solitary title, they would not call for ABSD if the new buyer is a Singapore national and a novice residential property purchaser.
Goh indicates that since 2010, there have been simply 14 secondhand deals at the locale, consisting of a neighboring bungalow that was sold off for $21.5 million ($2,431 psf) in September 2022.
The sale presents a “uncommon opportunity” for an investor to get 4 freehold strata bungalows that are nestled within an exclusive private landed housing surround, says Tracy Goh, head of financial investment and also collective sales at PropNex. “This profile of bungalows is particularly fit for multi-generation families that desire to cohabit while receiving their own space and personal privacy,” she includes.
Each bungalow has five en suite bedrooms together with its very own lap pool and cellar level. The residences share a common compound.
Four estate strata bungalows in Vanda Crescent will be introduced for deal on May 3 through private treaty, according to advertising representative PropNex Realty in a May 2 press release. The overview price of the properties is $33 million, or $2,690 psf on the real estate area.
The properties, secured by a solo business owner, are located off Dunearn Road in the Bukit Timah area in key District 11. The estates are located nearby the Eng Neo Avenue and also Raffles Park Good Class Bungalow (GCB) places.
The four strata bungalows are located around 500m from Sixth Avenue MRT Station on the Downtown Line and also has entry to highways such as Dunearn Roadway including the Pan-Island Expressway. Schools nearby include Raffles Girls’ Primary School, Methodist Girls’ School (Primary), Nanyang Primary School, Nanyang Girls’ Highschool, National Junior University, and Hwa Chong Institution.
She includes that freehold landed places in Singapore have constantly seen healthy cost growth, increasing by 13.3% and also 9.6% specifically in 2021 and even 2022. In 1Q2023, landed residence costs climbed up 5.9% q-o-q. “We anticipate the restricted source of landed homes in Singapore will certainly keep on support costs in the middle of secure need for such residential properties,” she says.