A rare opportunity to acquire four freehold strata bungalows within an exclusive landed residential enclave is now available in Singapore. Sitting on a site of 12,264 sq ft and with a combined built-up area of 19,353 sq ft, the properties are located off Dunearn Road in prime District 11.All four bungalows are currently rented out, but will be sold with tenancies. Each unit has five en suite bedrooms along with its own lap pool and basement level, whilst sharing a common area. Located close to the Eng Neo Avenue and Raffles Park Good Class Bungalow (GCB) areas, the residences are a 500 meter walk from Sixth Avenue MRT Station on the Downtown Line and nearby the likes of Raffles Girls’ Primary School and Methodist Girls’ School.The owner is looking to sell the four properties jointly with a guide price of $33 million, or $2,690 psf on the land area.Given the limited supply of landed homes in Singapore and its steady demand, freehold landed prices have seen incremental growth over the last few years. This has been further enforced by the recent additional buyer’s stamp duty increases, although these are not applicable to the Vanda Crescent strata bungalows as they are only available to Singapore citizens and first-time residential property buyers.This portfolio of strata bungalows is therefore a great opportunity for multi-generation families who wish for their own private space with the convenience of being close to public amenities.
A rare opportunity to acquire four freehold strata bungalows in Singapore within an exclusive landed residential enclave presents itself this May. Located in prime District 11 off Dunearn Road, the properties are nestled close to the Eng Neo Avenue and Raffles Park Good Class Bungalow (GCB) areas.
Offering a total combined built-up area of 19,353 sq ft, the four bungalows are spread out over 12,264 sq ft of land and each boasts five en suite bedrooms along with its own lap pool and basement level.
The owner is looking to sell the properties jointly with a guide price of $33 million, or $2,690 psf on the land area. All four are currently rented out and will be sold with tenancies.
The recent hikes of the additional buyer’s stamp duty (ABSD), which took effect on April 27, does not affect demand for the bungalows at Vanda Crescent as foreigners are not permitted to acquire landed homes on mainland Singapore. In addition, being sold under a single title and being available to Singapore citizens and first-time residential property buyers, it would not require ABSD.
J’Den Condo is a 40-storey residential and commercial development set to open in 2027 at the heart of Jurong East MRT Station by CapitaLand. The redevelopment includes commercial space, and will connect to Westgate and IMM Building. Launch J’Den Condo expected in second half of 2023.
Freehold landed home prices in Singapore have been steadily rising with price growth of 13.3% and 9.6% respectively in 2021 and 2022, and a further jump of 5.9% q-o-q in 1Q2023.
The four strata bungalows in Vanda Crescent are situated close to public amenities and only a 500 meter walk away from the Sixth Avenue MRT Station on the Downtown Line. Schools nearby include Raffles Girls’ Primary School, Methodist Girls’ School (Primary), Nanyang Primary School, Nanyang Girls’ High School, National Junior College, and Hwa Chong Institution.
Tracy Goh, Head of Investment and Collective Sales at PropNex who is marketing the bungalows says, “This portfolio of bungalows is particularly suited for multi-generation families who wish to live together while having their own space and privacy”.
With just 14 resale transactions at the locale since 2010, including the sale of a nearby bungalow for $21.5 million ($2,431 psf) in September 2022, the properties at Vanda Crescent are a rare chance for buyers to acquire a piece of prime real estate.
