Three-storey semi-detached in Bedok South on the block for $3.65 mil
A mortgagee sale, this will certainly be the very first time that the property are going to be sold by means of auction. The house will be shown with unused possession.
The various deal was the sale of a three-storey terraced house taking up a 2,300 sq ft plot along Kew Drive. The property changed hands for $3.26 million ($1,417 psf) in January.
Costs of 99-year leasehold, semi-detached properties in the Kew Vale estate have expanded in the last few years. According to URA Realis, 7 semi-detached homes were sold in 2023 and 2024 at an average land rate of $1,213 psf. This is up from the average land rate of $1,002 psf throughout seven transactions at the estate between 2021 and 2022.
Last year, 2 various other 99-year leasehold landed properties within the Kew Vale estate were marketed. One of the most current transaction was the sale of a three-storey semi-detached residence near Kew Heights for $3.35 million in February. It had a land area of 2,396 sq ft, showing a land price of $1,398 psf.
According to Mok Sze Sze, handling partner of auctions and sales at SRI, potential investors may have the chance to switch several of the open areas right into added bedrooms, making the property suitable for expanded or multi-generational families.
Cuscaden Reserve showflat location
The residence has a ground space of 4,436 sq ft over three grounds. The ground level has a living hall with a double- volume ceiling, an adjacent dining area, a kitchen and a helper’s room. The upper two levels include 6 bedrooms, a family spot and a storeroom. The residential property even consists of a car porch and a backyard area.
A 99-year leasehold semi-detached house is going to appear on the block at SRI’s coming auction on March 15 with a guide price of $3.65 million. The three-storey property inhabits a 3,034 sq ft section plot on Kew Heights in District 16. The $3.65 million rate tag shows a land rate of $1,203 psf.
Several institutions are also located close to the property up for public auction, including Temasek Primary and High Schools, Bedok South Secondary and Bedok View Secondary.
The area stands close to primary motorways such as East Coast Parkway (ECP) by means of Bayshore Road and will be offered by the upcoming Bedok South MRT Terminal along the Thompson-East Coast Line when it opens up in 2H2026.
Mok includes that in regards to land cost, the real estate’s guide rate of $1,203 psf is one of the lowest available in the area. URA caveats indicate that the property last altered hands in November 2021 for $3.19 million ($1,051 psf).
