Three-storey semi-detached in Bedok South on the block for $3.65 mil
A mortgagee sale, this will certainly be the first time that the real estate will be offered for sale by means of auction. The house will be presented with uninhabited possession.
According to Mok Sze Sze, managing partner of auctions and sales at SRI, potential clients may have the opportunity to change some of the open areas into added bed rooms, making the property suitable for prolonged or multi-generational families.
Costs of 99-year leasehold, semi-detached properties in the Kew Vale estate have actually expanded in recent times. According to URA Realis, 7 semi-detached houses were sold in 2023 and 2024 at a standard land rate of $1,213 psf. This is up from the average land rate of $1,002 psf throughout seven deals at the estate in between 2021 and 2022.
The Orie City Developmenets Limited, Frasers Property and Sekisui House
Several institutions are also situated close to the property up for public auction, including Temasek Primary and Secondary Schools, Bedok South Secondary and Bedok View Secondary.
Last year, 2 various other 99-year leasehold landed properties within the Kew Vale estate were marketed. One of the most current purchase was the sale of a three-storey semi-detached home around 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.
Mok includes that in regards to land rate, the property’s guide rate of $1,203 psf is one of the most affordable on offer in the location. URA cautions show that the property last altered hands in November 2021 for $3.19 million ($1,051 psf).
The various transaction was the sale of a three-storey terraced residence taking up a 2,300 sq ft plot around Kew Drive. The property changed hands for $3.26 million ($1,417 psf) in January.
A 99-year leasehold semi-detached residence will show on the block at SRI’s coming auction on March 15 with a guide rate 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 cost tag mirrors a land rate of $1,203 psf.
The residence has a floor space of 4,436 sq ft over three levels. The ground level has a living hall with a double- volume ceiling, an adjoining dining area, a kitchen and a helper’s room. The upper two levels include 6 bed rooms, a family area and a stockroom. The residential property also consists of a car porch and a backyard area.
The location is located close to major motorways such as East Coast Parkway (ECP) through Bayshore Road and are going to be offered by the upcoming Bedok South MRT Station along the Thompson-East Coast Line the moment it opens in 2H2026.
