Knight Frank will be offering an opportunity to acquire an amalgamated five-bedroom unit at Northwood on a freehold basis at its upcoming property auction. This 3,240 sq ft, five-bedroom unit is located in District 27 and is being sold at a guide price of $3.24 million.
CapitaLand’s J’Den Condo is a 40-storey residential and commercial J’Den Condo development located at the heart of Jurong East MRT Station, slated for completion in 2027. Expected residential unit prices range from S$2,000 to S$2,100 psf, with commercial space on the 1st and 2nd storeys.
Originally two separate units, the first unit is 1,604 sq ft with two bedrooms, while the other unit is 1,636 sq ft with three bedrooms and a study. The combined unit features a living and dining room, two kitchens, two en suite master bedrooms, three common bedrooms, a study room, two common bathrooms, two utility rooms, a shared personal enclosed space, and a ground floor private enclosed space.
Northwood is surrounded by two landed neighbourhoods consisting of three-storey mixed landed and semi-detached Houses. Nearby developments include the 99-year leasehold Euphony Gardens, and Spring Waters Villas – a new landed development comprising six semi-detached Houses.
Amenities in the area include Khoo Teck Puat Hospital and Yishun Community Hospital, Yishun MRT Station on the North-South Line, and several schools such as Jiemin Primary School, Yishun Secondary School, and Yishun Innova Junior College.
Resale data shows that prices at Northwood have climbed steadily over the past few years, going from about $835 psf in April 2014 to $954 psf last month. The most expensive unit to have been sold so far is a 2,228 sq ft four-bedder that was purchased in May 2021 for $2 million ($898 psf).
Considering the largest units in the development are four bedders that go up to 2,293 sq ft, the opportunity to acquire an amalgamated five-bedroom unit of 3,240 sq ft is rare. Even at the nearby 99-year leasehold Euphony Gardens, the largest units are three and four bedroom units ranging from 1,023 sq ft to 2,454 sq ft.
This one-of-a-kind five-bedroom unit at Northwood is up for sale on May 18 and is expected to be sold as-is. With such rare potential, investors and potential buyers should not miss out on this opportunity.
