Braddell Heights freehold bungalow listed for sale at $23 million
Read related article: From 2023, most homeowners will pay higher property taxes
A single-storey freehold bungalow on Clifton Vale, off Braddell Road in District 13 is available through tenders as per a news release issued by the marketing agents PropNex Realty. The property is listed at an estimated cost of $23 million which is equivalent to $1,465 per square foot of lot.
The detached home sits in an elevated site that covers 15705 square feet. It’s located in an area reserved for bungalows with two floors in Braddell Heights. Braddell Heights mixed-landed estate, located in northeastern Singapore According to PropNex.
Henry Benjamin Lim, head of Good Class Bungalows and Prestige Landed at PropNex The properties that are landed located in Clifton Vale are tightly-held. “There are only five transactions completed since 2012 , including three deals being signed in 2021 and one this year.”
He expects the property will attract interest from owners as well as developers who are looking to develop the site to offer it for sale. The site could be divided into three plots with a total of 5,200 sq feet each, subjected to the obtaining of the necessary approvals. “We anticipate developers to be interested in this site for development in light of the small supply of detached homes that are brand new in the region and the growing demand for bigger homes for households,” Lim adds.
The bungalow is located 640m away from the Lorong Chuan MRT station located on the Circle Line and is within 1km of St. Gabriel’s Primary School and Yangzheng Primary School. Additional schools located within 2km from the property include Cedar Primary, Maris Stella High School, Kuo Chuan Presbyterian Primary, St. Andrew’s Junior School CHIJ Our Lady of Good Counsel, Raffles Institution, Raffles Girls School (Secondary), Catholic High School and Australian International School. Australian International School.
Retail and F&B amenities within a short travel distance includes The Nex Shopping Mall, Serangoon Garden Market, Chomp Chomp Food Centre, The Poiz and Junction 8.
The tender will end at 12pm on the 18th of January 2023.