Four freehold strata bungalows in Vanda Crescent for sale at $33 mil
4 freehold strata bungalows in Vanda Crescent will likely be introduced for deal on May 3 by means of private treaty, according to advertising agent PropNex Real estate in a May 2 announcement. The guide rate of the real estates is $33 million, or $2,690 psf on the land area.
The four bungalows remain on a location covering 12,264 sq ft and have a consolidated built-up area of 19,353 sq ft. They were constructed in 2009, with the proprietor wanting to sell them jointly. All 4 bungalows are currently rented out plus will be sold with tenancies.
Goh mentions that the recent walkings of the added customer’s stamp duty (ABSD), which worked on April 27, is not expected to impact need for the bungalows at Vanda Crescent as foreigners are not allowed to get landed residences on mainland Singapore. Additionally, as the bungalows will certainly be marketed under a single title, they would not call for ABSD if the buyer is a Singapore resident and a new residential property buyer.
The 4 strata bungalows are positioned about 500m from Sixth Avenue MRT Station on the Downtown Line and also has entry to highways including Dunearn Roadway and even 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 University, and Hwa Chong Institution.
Goh notes that as 2010, there have been just 14 resale transactions at the place, including a nearby bungalow that was offered for $21.5 million ($2,431 psf) in September 2022.
Each bungalow has five en suite bed rooms together with its very own swimming pool and cellar level. The houses offer a typical compound.
She includes that freehold landed estates in Singapore have consistently seen healthy cost growth, rising by 13.3% and 9.6% respectively in 2021 and 2022. In 1Q2023, landed home costs ascended 5.9% q-o-q. “We anticipate the minimal amount of landed homes in Singapore will continue to sustain rates amidst secure need for such residences,” she says.
The sale represents a “unusual possibility” for a purchaser to get 4 freehold strata bungalows that are situated inside a distinctive private landed household surround, claims Tracy Goh, head of financial investment as well as cumulative sales at PropNex. “This portfolio of bungalows is specifically fit for multi-generation households who want to live together while having their very own space and personal privacy,” she adds in.
The properties, kept by an one business owner, are situated off Dunearn Road in the Bukit Timah area in prime District 11. The real estates are located near the Eng Neo Avenue and Raffles Park Good Class Bungalow (GCB) places.