Four freehold strata bungalows in Vanda Crescent for sale at $33 mil
The sale presents a “uncommon possibility” for a buyer to get four freehold strata bungalows that are snuggled inside a distinctive special landed residential territory, claims Tracy Goh, head of financial investment as well as collective sales at PropNex. “This portfolio of bungalows is particularly suited for multi-generation households who desire to live together while possessing their own room and also personal privacy,” she adds.
Goh indicates that the latest hikes of the additional purchaser’s stamp duty (ABSD), which took effect on April 27, is not anticipated to influence interest for the bungalows at Vanda Crescent as immigrants are not permitted to obtain landed homes on mainland Singapore. In addition, as the bungalows will be marketed under a single title, they would not need ABSD if the client is a Singapore national and a new residential property purchaser.
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The four bungalows sit on a site covering 12,264 sq ft and also have a combined built-up area of 19,353 sq ft. They were built in 2009, with the owner wanting to sell them collectively. All 4 bungalows are presently leased and will certainly be marketed with occupancies.
The four strata bungalows are positioned approximately 500m from Sixth Avenue MRT Station on the Downtown Line as well as has easy access to highways including Dunearn Road and even the Pan-Island Expressway. Schools close by include Raffles Girls’ Primary School, Methodist Girls’ School (Primary), Nanyang Primary School, Nanyang Girls’ Highschool, National Junior University, and Hwa Chong Institute.
The properties, held by a solo proprietor, are located off Dunearn Road in the Bukit Timah area in key District 11. The properties are located nearby the Eng Neo Avenue and Raffles Park Good Class Bungalow (GCB) areas.
She includes that freehold landed homes in Singapore have actually continually seen healthy rate progress, increasing by 13.3% and 9.6% specifically in 2021 and 2022. In 1Q2023, landed home costs rose 5.9% q-o-q. “We anticipate the restricted source of landed homes in Singapore will certainly continue to sustain costs in the middle of stable demand for such residences,” she claims.
Each bungalow has five en suite bedrooms along with its personal swimming pool and even cellar level. The homes offer an usual compound.
Four property strata bungalows in Vanda Crescent will likely be introduced for deal on May 3 through private treaty, according to advertising representative PropNex Real estate in a May 2 press release. The guide price of the properties is $33 million, or $2,690 psf on the land area.
Goh notes that as 2010, there have been just 14 secondhand deals at the place, including a nearby bungalow that was sold off for $21.5 million ($2,431 psf) in September 2022.
