Four freehold strata bungalows in Vanda Crescent for sale at $33 mil
4 estate strata bungalows in Vanda Crescent will likely be released for purchase on May 3 via private treaty, according to advertising representative PropNex Realty in a May 2 announcement. The guide cost of the real estates is $33 million, or $2,690 psf on the real estate area.
Goh indicates that the recent walks of the additional customer’s stamp duty (ABSD), which took effect on April 27, is not anticipated to affect need for the bungalows at Vanda Crescent as foreigners are not authorized to acquire landed houses on mainland Singapore. Additionally, as the bungalows will certainly be offered under a solitary title, they might not call for ABSD if the new buyer is a Singapore national and a new residential property customer.
The sale presents a “rare chance” for an investor to get four freehold strata bungalows that are situated within a distinctive nonpublic landed residential enclave, claims Tracy Goh, head of investment and collective sales at PropNex. “This profile of bungalows is specifically suited for multi-generation families who desire to live together while having their very own area and also personal privacy,” she adds in.
The real estates, kept by an one proprietor, are situated off Dunearn Road in the Bukit Timah area in prime Area 11. The properties lie close to the Eng Neo Avenue and Raffles Park Good Class Bungalow (GCB) areas.
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The four bungalows remain on a location spanning 12,264 sq ft and have a mixed built-up area of 19,353 sq ft. They were integrated in 2009, with the owner looking to sell them jointly. All 4 bungalows are presently leased and even will be sold with occupancies.
The 4 strata bungalows are situated about 500m from Sixth Avenue MRT Station on the Downtown Line and has easy access to main roads like Dunearn Road 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.
Each bungalow has five en suite rooms in addition to its own lap pool including basement level. The residences offer a common compound.
Goh indicates that as 2010, there have actually been just 14 secondhand purchases at the area, including a nearby bungalow that was sold for $21.5 million ($2,431 psf) in September 2022.
She includes that freehold landed estates in Singapore have consistently seen healthy and balanced price development, climbing by 13.3% and 9.6% respectively in 2021 and 2022. In 1Q2023, landed residence costs climbed 5.9% q-o-q. “We expect the minimal amount of landed homes in Singapore will keep on sustain costs amid stable demand for such real estates,” she says.
