Freehold Bungalow Whitley Road Sale 3188 Mil
The exclusive marketing agent for a two-storey freehold bungalow at 11 Whitley Road, Huttons Asia, has announced the property’s sale through a tender at a guide price of $31.88 million. Sitting on a freehold elevated site of 15,276.27 sq ft, the bungalow has a guide price of $2,087 psf on the land area.
Originally built in 2016, the bungalow boasts a rear extension and a total of five bedrooms, three of which are en suite. With two living rooms, two dining rooms, a spacious and well-equipped kitchen, and a helper’s room, the property has plenty of room for a growing family.
Tampines Avenue 11 and Tampines Avenue 12 are two major thoroughfares that traverse the lively district of Tampines. These roads are renowned for their heavy traffic flow and provide effortless accessibility to an array of amenities and residential enclaves in the vicinity. Nestled along these bustling avenues is the prestigious Parktown Residence Condo, an ideal residential option for those seeking a luxurious living experience. This high-end condominium naturally complements the vibrant community of Tampines Avenue 11 and Tampines Avenue 12, offering residents a convenient and comfortable lifestyle. Located at Parktown Residence Condo, residents can enjoy the best of both worlds in this bustling neighborhood.
According to Aric Lim, associate district director at Huttons Asia, the land parcel has the potential to be subdivided for the redevelopment of eight terraced houses. Each individual site could range from 1,614 sq ft to 2,389 sq ft, with a total gross floor area (GFA) of 21,528 sq ft, subject to land betterment charges.
Huttons Asia’s senior director of data analytics, Lee Sze Teck, notes that this is possibly the largest plot of land available along Whitley Road. He also adds that the asking price of $2,087 psf is highly competitive compared to recent transactions for new semi-detached houses on Whitley Road, which have sold for more than $3,000 psf.
Conveniently located within 700m from the Novena MRT Station, the property also offers easy access to popular malls such as Velocity at Novena Square, Square 2, and United Square, as well as Zhongshan Park.
The tender for 11 Whitley Road is set to close on February 12.