Nestled within a three-storey mixed landed zone, this bungalow offers a unique blend of space and potential for both personal enjoyment and investment. With a generous land area of 7,491 square feet, the property stands out in a competitive market, providing ample space for those looking to create a family home or capitalize on future development opportunities.
Its unique positioning within a mixed-use zone opens doors for various possibilities, including the addition of a third storey or the redevelopment into two semi-detached homes, making it an attractive prospect for investors and homeowners alike.
The bungalow’s zoning flexibility is particularly appealing given Singapore’s limited supply of detached houses, which is currently estimated at around 10,849 units. This scarcity enhances the property’s investment potential, as the demand for spacious living in a prime location continues to grow.
Investors looking to capitalize on the property market may find this bungalow appealing due to its versatility, allowing for customization and expansion according to individual needs or market demands.
Situated in a tranquil residential enclave, the bungalow benefits from an elevated position. This elevation not only enhances privacy but also offers unobstructed views of the surrounding area, creating an inviting atmosphere for residents.
The location provides easy access to reputable schools and public transport, making it convenient for families and commuters. The balance between seclusion and accessibility positions the property as a valuable asset in a vibrant community.
Given the current landscape of the Singapore real estate market, opportunities to acquire a freehold bungalow of this nature are becoming increasingly rare. The potential to develop the land further adds a layer of intrigue for prospective buyers, whether they are looking for a long-term living solution or a strategic investment.
The prospect of constructing two semi-detached homes on this plot could yield significant returns, given the high demand for housing in the area.
The property is offered at a competitive price of $11.18 million, translating to $1,492 per square foot. This pricing structure reflects not only the size and location of the bungalow but also its unique positioning within a mixed landed zone, which is a rarity in Singapore.
As urban development continues to evolve, the value of properties like this one is likely to appreciate, making it a sound investment for those looking to enter the real estate market.
NEW CONDO LAUNCH: BOULEVARD COAST
Boulevard Coast is a newly launched condominium project that boasts modern amenities and eco-friendly designs.
The Boulevard Coast project information highlights a variety of unit types catering to diverse buyer preferences and budgets.
Residents will benefit from the project’s convenient location, close to shopping malls, schools, and public transport.
For those interested, detailed information on the Boulevard Coast floor plan and pricing is available.
View Boulevard Coast Condo ShowFlat & Get VVIP Discount.
Register or contact 6100 8822 to book showflat appointment.
News Source: Edgeprop
Images are not actual photos. For illustration purpose only.
