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

4 freehold strata bungalows in Vanda Crescent will likely be introduced for purchase on May 3 via private treaty, according to marketing agent PropNex Realty in a May 2 press release. The guide rate of the properties is $33 million, or $2,690 psf on the land area.

Goh notes that the recent hikes of the added customer’s stamp duty (ABSD), which took effect on April 27, is not expected to impact demand for the bungalows at Vanda Crescent as foreigners are not allowed to get landed houses on mainland Singapore. In addition, as the bungalows will be sold under a solitary title, they would not need ABSD if the client is a Singapore resident as well as a newbie residential property purchaser.

The sale offers a “unusual possibility” for a buyer to get four freehold strata bungalows that are situated throughout a distinctive nonpublic landed household enclave, says Tracy Goh, head of financial investment as well as cumulative sales at PropNex. “This profile of bungalows is particularly fit for multi-generation families that wish to cohabit whilst possessing their very own room and also personal privacy,” she adds.

She includes that freehold landed places in Singapore have continually seen healthy rate progress, rising by 13.3% and also 9.6% respectively in 2021 and even 2022. In 1Q2023, landed home rates rose 5.9% q-o-q. “We anticipate the limited source of landed homes in Singapore will certainly continue to sustain rates amid secure demand for such properties,” she says.

The real estates, held by a solo owner, are located off Dunearn Road in the Bukit Timah area in top District 11. The estates are located close to the Eng Neo Avenue and Raffles Park Good Class Bungalow (GCB) spots.

Pinetree Hill Singapore

The four bungalows rest on a location covering 12,264 sq ft and also have a consolidated built-up area of 19,353 sq ft. They were constructed in 2009, with the proprietor aiming to market them collectively. All 4 bungalows are presently leased plus will certainly be marketed with occupancies.

Goh mentions that ever since 2010, there have actually been simply 14 secondhand transactions at the locale, including a nearby bungalow that was offered for $21.5 million ($2,431 psf) in September 2022.

The 4 strata bungalows are positioned around 500m from Sixth Avenue MRT Station on the Downtown Line as well as has entry to highways including Dunearn Road including the Pan-Island Expressway. Schools nearby consist of Raffles Girls’ Primary School, Methodist Girls’ School (Primary), Nanyang Primary School, Nanyang Girls’ High School, National Junior College, along with Hwa Chong Institution.

Each bungalow has five en suite bedrooms together with its very own lap pool and basement level. The homes offer a typical compound.

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