Freehold Residential Land In Braddell Heights Estate On Sale For $1,000 Psf
Two neighbour, free from lease domestic parcels of land at Vaughan Road among Braddell Heights Estate have actually been put up for sale by means of EOI with a minimum value of $1,000 per sq foot, shared marketing rep Knight Frank SGP.
Enjoying a 24 metre frontispiece to Vaughan Rd, the cul de sac site in Area 13 is presently occupied by 2 massive semi-detached houses and also comes with a merged acreage of 12,294 square ft.
Knight Frank considered that prospective investors can absolutely develop add-ons and variations to the current estates or redevelop the location in to two attached bungalows or separated homes. It mentioned further that multi-gen households are able to likewise be created on the site.
“The need for landed properties in District thirteen has always stood strong as this particular area is a fully grown domestic neighbourhood with easy availability to facilities, top colleges, shopping malls and the neighboring Serangoon Mass Rapid Transit Interchange Terminal,” stated Ms Mary Sai, ED, Capital Markets for L&B, C&SS, Knight Frank S’pore.
The EOI action for the site discontinues on 29 Apr.
Urban Redevelopment Authority data displayed that rates of landed homes dropped 1.6percent q-o-q in the fourth quarter of 2020, but raised 1.2percent for the entire ’20.
Leasings for this kind of properties, however, increased 0.7% quarter-on-quarter in Q4 2020. For the overall of 2020, rentals for landed houses slipped 2.7percent.
URA is set to published its flash estimates of the every quarter cost level for private property on 1April as well as the following every three months property market updates on 23Apr.