Freehold Residential Land In Braddell Heights Estate On Sale For $1,000 Psf
Two next-door, free lease non commercial lots of land at Vaughan Road amongst Braddell Heights Estate have already been put up for sale through EOI by having a minimum rate of $1,000 per sq foot, reported marketing and advertising agent Knight Frank S’pore.
Enjoying a 24 metre building front to Vaughan Road, the cul de sac ground in District thirteen is presently occupied by two big semi-detached households and also offers a joint land area of 12.294K sq foot.
Knight Frank noted that interested clients have the ability to create add-ons and upgrades to the present houses or redevelop the ground toward two linked-bungalows or separated residences. It said further that multi-gen homes can likewise be developed on the location.
“The demand for landed properties in Area 13 has been sturdy as this particular area is an older home estate with quick availability to services, great colleges, retail malls plus the nearby Serangoon Mass Rapid Transit Interchange Station,” mentioned Ms Mary Sai, ED, Capital Markets for Land & Building, C&SS, Knight Frank S’pore.
The EOI exercise for the ground concludes on 29 April.
Urban Redevelopment Authority files explained that rates of landed houses fell 1.6percent quarter-on-quarter in the fourth quart of ’20, on the other hand increased 1.2% for the entire ’20.
Leasings for this kind of properties, meanwhile, rose 0.7percent quarter-on-quarter in Q4 2020. For the total of 2020, hires for landed property properties plunged 2.7%.
URA is set to release its flash valuations of the every quarter figure index for private property on 1 Apr furthermore the next quarterly property market updates on 23 April.