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 by means of private treaty, according to advertising representative PropNex Real estate in a May 2 announcement. The overview cost of the properties is $33 million, or $2,690 psf on the property area.

Each bungalow has 5 en suite rooms in addition to its personal swimming pool and even cellar level. The residences offer a typical compound.

The real estates, kept by an one proprietor, are situated off Dunearn Road in the Bukit Timah area in top Area 11. The properties lie near the Eng Neo Avenue and also Raffles Park Good Class Bungalow (GCB) places.

The 4 strata bungalows are positioned about 500m from Sixth Avenue MRT Station on the Downtown Line as well as has access to highways like 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’ Highschool, National Junior College, and Hwa Chong Institution.

Goh mentions that the current walks of the additional customer’s stamp duty (ABSD), which took effect on April 27, is not anticipated to impact need for the bungalows at Vanda Crescent as foreigners are not permitted to obtain landed residences on mainland Singapore. On top of that, as the bungalows will be sold under a single title, they would not need ABSD if the new buyer is a Singapore national and a newbie house customer.

The M Condo price

The 4 bungalows sit on an area spanning 12,264 sq ft as well as have a mixed built-up area of 19,353 sq ft. They were integrated in 2009, with the proprietor seeking to market them collectively. All four bungalows are presently rented and will certainly be marketed with occupancies.

Goh indicates that ever since 2010, there have been simply 14 resale purchases at the place, including a neighboring bungalow that was offered for $21.5 million ($2,431 psf) in September 2022.

She includes that freehold landed estates in Singapore have constantly seen healthy and balanced rate progress, increasing by 13.3% and 9.6% respectively in 2021 and even 2022. In 1Q2023, landed house costs climbed up 5.9% q-o-q. “We expect the minimal supply of landed homes in Singapore will certainly remain to sustain costs amidst steady demand for such properties,” she claims.

The sale offers a “unusual possibility” for an investor to acquire 4 freehold strata bungalows that are nestled throughout a distinctive private landed household territory, says Tracy Goh, head of financial investment and collective sales at PropNex. “This portfolio of bungalows is particularly fit for multi-generation families who want to live together whilst having their very own space and personal privacy,” she adds.

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