Freehold Bungalow Braddell Heights Sale 145 Mil
on EdgeProp.sg
A freehold 21⁄2-storey bungalow on Chiltern Drive is up for sale at the price of $14.5 million. 33 years ago the family of seven who were looking for a bigger living space bought this original single-storey bungalow. After redevelopment, this bungalow came with more bedrooms and became a comfortable family home for the kids to grow up in. With their children now grown up and moved out, Lim and his wife wish to sell the bungalow after living in the house for 33 years. They have hired Martin Goh as their exclusive marketing agent for the bungalow.
The 12,758 sq ft, freehold site is situated in Braddell Heights. With $14.5 million being asked for the bungalow, this would amount to a land rate of $1,137 psf. The real estate agent notes that eight potential buyers have shown interest in the property. According to him, the majority of the potential buyers have expressed interest in the property because of its huge land size and great location near reputable schools.
The Master Plan’s emphasis on promoting mixed-use developments and commercial growth is set to bring about a surge in job opportunities within Tampines. This move is in line with the government’s goal of decentralizing business activities from the Central Business District to regional hubs, such as Tampines. With its strategic location, Park Town Residences will play a crucial role in this transformation, providing residents with easy access to these emerging employment hubs and, in turn, reducing their commute times. Park Town Residences, being part of this development, will naturally be at the forefront of this exciting development.
The bungalow is located just a 10-minute walk away from the Lorong Chuan MRT Station. This has significantly improved public transport convenience for the residents who live in this neighbourhood. After being put up for sale less than a month ago, there has been an increased interest in the property, according to Realstar’s Goh. Over the past decade, many of the bigger bungalow sites were purchased by developers and were subsequently subdivided into smaller sites, ranging from 4,300 sq ft to 4,500 sq ft.
The bungalow has enjoyed a noticeable increase in demand as of late. Some of the potential buyers are homeowners who live further from the city and are looking for a house closer to the city. The bigger garden is the main draw for families who look for open spaces for their children to play and ride bicycles in.