Four freehold strata bungalows in Vanda Crescent for sale at $33 mil
4 property strata bungalows in Vanda Crescent will likely be introduced for purchase on May 3 using private treaty, according to marketing representative PropNex Real estate in a May 2 news release. The overview price of the properties is $33 million, or $2,690 psf on the real estate area.
Each bungalow has 5 en suite bed rooms along with its personal swimming pool and basement level. The residences offer a common compound.
Goh indicates that the latest walks of the added purchaser’s stamp duty (ABSD), which took effect on April 27, is not anticipated to impact need for the bungalows at Vanda Crescent as immigrants are not permitted to get landed houses on mainland Singapore. Furthermore, as the bungalows will be offered under a solitary title, they would not need ABSD if the new buyer is a Singapore resident and a first-time house purchaser.
She puts in that freehold landed residences in Singapore have continually seen healthy and balanced rate development, rising by 13.3% and 9.6% respectively in 2021 and 2022. In 1Q2023, landed house costs climbed up 5.9% q-o-q. “We anticipate the limited source of landed homes in Singapore will certainly remain to support prices in the middle of secure demand for such real estates,” she says.
The properties, secured by a single owner, are located off Dunearn Road in the Bukit Timah area in prime District 11. The properties are located nearby the Eng Neo Avenue and Raffles Park Good Class Bungalow (GCB) locations.
The 4 bungalows rest on a site extending 12,264 sq ft as well as have a combined built-up area of 19,353 sq ft. They were constructed in 2009, with the proprietor seeking to sell them jointly. All four bungalows are at the moment rented and even will be offered with occupancies.
The four strata bungalows are located around 500m from Sixth Avenue MRT Terminal on the Downtown Line and also has entry to main roads like Dunearn Roadway and even the Pan-Island Expressway. Schools nearby include Raffles Girls’ Primary School, Methodist Girls’ School (Primary), Nanyang Primary School, Nanyang Girls’ High School, National Junior University, and Hwa Chong Institution.
The sale presents a “unusual opportunity” for a purchaser to obtain 4 freehold strata bungalows that are situated throughout a distinctive special landed housing territory, claims Tracy Goh, head of financial investment as well as collective sales at PropNex. “This collection of bungalows is particularly suited for multi-generation households that desire to cohabit whilst receiving their very own space and privacy,” she adds in.
Goh notes that since 2010, there have actually been simply 14 secondhand transactions at the area, consisting of a neighboring bungalow that was sold for $21.5 million ($2,431 psf) in September 2022.
