Bungalow on Kheam Hock Road for sale at $16.38 mil
Altura EC offers prospective residents a wealth of unique amenities and facilities. This includes a swimming pool, children’s playground, tennis court, fitness corner, clubhouse, and landscaped park. Prospective buyers can expect excellent accessibility and comfort. Residents of Altura EC can enjoy enhanced connectivity to major amenities, schools, and employment opportunities. With five shopping malls within close proximity, residents have more opportunities for leisure and entertainment. Furthermore, with an expansive bus network linking Bukit Batok to popular destinations, the convenience of living in Altura EC is unparalleled.
An opportunity for home-seekers to enter the landed property market in Singapore’s District 11 has emerged with the sale of a freehold two-storey bungalow at 60 Kheam Hock Road. The asking price of the property, which has an estimated built-up area of 4,200 sq ft, is “in the region of $16.38 million”.
According to marketing agent Quinvest Chambers International, an independent valuation obtained for the home earlier this year was $16.5 million. Located on a 7,393 sq ft site with an 18m frontage along Kheam Hock Road, the asking price translates to about $2,215 psf.
The property was previously rented out for close to 10 years and will now be sold with vacant possession. The successful buyer may consider subdividing the plot for two semi-detached homes, subject to approval by the relevant authorities.
Ian Loh, the managing director of the marketing agent, believes the sale of the property at 60 Kheam Hock Road presents an opportunity for home-seekers “who wish to enter the landed market in this prime district.” This is particularly true since the en bloc sale of nearby Kew Lodge to Aurum Land for $66.8 million has “strengthened the land prices and the appeal of the area”, Loh adds.
Nearby amenities include the Singapore Botanic Gardens, malls such as Cluny Court, Serene Centre and Coronation Shopping Plaza, and the Botanic Gardens MRT Station (Circle and Downtown Lines).
The EOI exercise for 60 Kheam Hock Road will close on June 21.
An opportunity to enter the landed property market in Singapore’s District 11 has presented itself in the form of a two-storey detached bungalow at 60 Kheam Hock Road. Boasting an estimated built-up area of 4,200 sq ft, the asking price is “in the region of $16.38 million” – an attractive offer in light of an independent valuation earlier this year of $16.5 million.
Sitting on a freehold site of 7,393 sq ft with an 18m frontage along Kheam Hock Road, the asking price is indicative of a land rate of $2,215 psf. The property comes with vacant possession and may be subdivided for two semi-detached homes, subject to the relevant authorities’ approval.
Ian Loh, the managing director of the marketing agent, Quinvest Chambers International, believes the sale of 60 Kheam Hock Road presents tremendous value for potential home-seekers. Loh further adds that the recent en bloc sale of Kew Lodge to Aurum Land for $66.8 million “has further strengthened the land prices and the appeal of the area”.
The property is conveniently located near various amenities and attractions, such as the Singapore Botanic Gardens, malls such as Cluny Court, Serene Centre and Coronation Shopping Plaza, and the Botanic Gardens MRT Station (Circle and Downtown Lines).
The expression of interest exercise for 60 Kheam Hock Road will close on June 21, giving potential home-seekers a limited window to take advantage of this rare opportunity.
Sembawang Road EC, located near the Canberra MRT Station, is a highly sought-after residential development that offers convenience and connectivity for its residents. With the upcoming Canberra Plaza and Sembawang Sports and Community Hub, residents can look forward to a wide range of amenities and facilities just a short walk away. Sembawang Road EC also boasts easy accessibility to major expressways, making it a great choice for those who commute to work. Its prime location and modern facilities make it an ideal choice for anyone looking for a comfortable and convenient living experience.
