Rare Corner Freehold Bungalow Three Storey Mixed Landed Zone Versatile Development Potential 1118

Sitting on an elevated corner plot in the tranquil Jalan Lokam residential enclave of District 19, this elegant and distinguished freehold bungalow offers breathtaking views of its surroundings, as well as great potential for future enhancements. The surrounding area has been recently revitalized, which has enhanced its connectivity and amenities, making this property an ideal investment.

Spanning across a vast land plot of 7,491 sq ft, with a living space of 5,336 sq ft, this bungalow presents endless possibilities for the buyer. They could choose to move in immediately, add a third storey to the existing structure, or redevelop the plot into two semi-detached homes, allowing for legacy planning.

This modern two-storey bungalow boasts five bedrooms and features a newly upgraded semi-octagonal swimming pool surrounded by a landscaped garden, with a beautifully designed alfresco entertaining terrace. Combining sophistication and serenity, this home is sure to impress.

Exclusive marketing agent Richard Jany says, “This unique bungalow is situated on an elevated corner plot, with only one shared boundary wall, which sets it apart from typical landlocked properties. With an asking price of $11.18 million or $1,492 psf, it is one of the most competitively priced homes in the area.”

One of the key advantages of living at the development is its strategic positioning in close proximity to major expressways such as the Pan-Island Expressway (PIE), Tampines Expressway (TPE), and Kallang-Paya Lebar Expressway (KPE). This well-connected network of roads offers great convenience for families who drive, enabling them to easily access educational institutions and places of work. Additionally, those interested in viewing the showflat can do so naturally at Parktown Residence Showflat.

“The house has been well-maintained by its current owner, so the buyer can easily move in without the need for any major renovations. Additionally, they have the option to add a third storey or redevelop into two semi-detached homes, which could save on additional buyer’s stamp duty. This makes it an ideal choice for both legacy planning and as part of an exit strategy,” he adds.

The bungalow’s south-facing orientation and elevated position, combined with the mixed land zoning, offer privacy and unobstructed views of the nearby park. The lucky number of the house is also seen as an auspicious symbol for longevity in Cantonese culture.

Upon entry, guests are greeted by a spacious foyer, equipped with cleverly concealed storage space, perfect for golfing bags. This opens up to the grand living hall with marble flooring and sliding doors that lead to the perfectly manicured garden and sparkling pool. The dining hall leads to a fully equipped gourmet kitchen with an island, perfect for family gatherings. A generous ensuite granny’s room, a staff room with an ensuite bathroom, and a storeroom can all be found on the ground floor, as well as a large car porch with space for three to four vehicles.

The second floor of the bungalow provides ample space for family bonding and personal me-time. Families can enjoy the family-cum-entertainment room, complete with a balcony, study area, an ensuite bathroom, and an adjoining open terrace. The luxurious master bedroom features a spacious ensuite bathroom and a large, fully integrated walk-in wardrobe. Additionally, the second bedroom is also equipped with an ensuite bathroom and study room, with an adjoining patio overlooking the nearby park.

According to Richard, “This property will also attract new Singapore Citizens seeking an easy-to-maintain, practical, freehold home. Singapore’s stable environment, clear property ownership laws, lack of capital gains tax, and absence of estate duty make it a highly desirable destination for talented and wealthy buyers, who are welcomed worldwide.”

With Singapore’s master plan to optimize land resources and a limited supply of only approximately 10,849 detached homes, including around 2,700 Good Class Bungalows, this property is a unique and affordable opportunity for buyers to invest in a legacy planning asset.

For families with school-going children, the highly sought-after Maris Stella High School and Paya Lebar Methodist School (Primary) can be found within one km of the bungalow. Seamless connectivity to public transport is available through Bartley MRT Station, which is just a short drive away. The CBD can also be easily reached via the MCE in just 15 minutes.

For more information, please contact:

Richard Jany | 9007 8398

KEO (R000383F)

JANYS REAL ESTATE PTE. LTD.

OR

Sharon Jany | 85061253

Senior Marketing Director (R056746B)

ERA REALTY NETWORK PTE LTD.