Freehold corner terraced house at Countryside Road sold for $5.01 mil
The house lies in a freehold ground property The Countryside, which Seletar Properties created in the late 1990s. It features 245 terraced and semi-detached residences, with property sizes ranging from 1,817 sq ft to 6,399 sq ft. The Countryside is bounded by Lentor Avenue as well as Yio Chu Kang Road. Various other landed projects around consist of the 64-unit Banyan Villas, the 87-unit Florissa Park and the 185-unit Lentor Villas.
A three-storey corner terraced home at Countryside Road in the Lentor area in District 26 was sold for $5.01 million ($1,427 psf) at a public auction on Aug 26. The home was a mortgagee sale, states Yvonne Lau, leading manager of sales and public auction at ERA, who managed the auction.
The residency at Countryside Road that was merely marketed at public auction lies within a five-minute trip of the upcoming Lentor Modern.
The house had a starting cost of $4.8 million, and also shortly after a bidding process competition from three individuals, the home was sold less than the hammer for $5.01 million ($1,381 psf), that was $160,000 beyond the overview cost of $4.85 million.
Interest in the Lentor location has actually spiked given that the Federal government sold 2 sites via the government land sales program in 2021 as well as early this year. The initial location at Lentor Central was marketed to GuocoLand, which previewed the 605-unit Lentor Modern on Sept 2. It is an incorporated building with a mall linked directly to the Lentor MRT Station (on the Thomson-East Coast Line).
The Botany at Dairy Farm floor plan
Based on cautions lodged, just one resale transaction occurred at The Countryside this 2022. In April, a terraced residence on Countryside Road with a land area of 1,844 sq ft transformed hands for $3.23 million ($1,752 psf). It was acquired for $2.15 million ($1,166 psf) in April 2013, indicating the owner netted a profit of $1.08 million.
The house, done in 1999, sits on a land area of 3,519 sq ft and also has a built-up area of 4,000 sq ft. It includes a roofing system balcony. The first level offers a living area with a 6m-high ceiling and glass doors that provide sufficient natural light. The study room, kitchen, eating area as well as laundry room are also on the initial flooring. The reduced 2nd storey has 2 bedrooms with a shared shower room. The master bedroom on the upper 2nd floor has a 6m-high ceiling with a walk-in wardrobe and en suite bathroom. Ultimately, the 3rd floor has an additional 2 bed rooms with a shared restroom.
The estate will interest households with school-going young people as it is near the Anderson Primary School, Mayflower Primary School and CHIJ St Nicholas Girls’ School (Primary). Lentor MRT Terminal is also within walking distance.
