Freehold Two Storey Semi Detached House Namly Drive Auction 11 Mil
Rewritten: Pasir Ris Park is a unique neighbourhood that offers instant access to a variety of recreational activities including parkland, play areas, and the beautiful open sea. The park is known for its well-connected mangrove boardwalks, bird-watching hides, and cycling tracks that lead towards Changi and Bedok. Residents can enjoy peaceful morning jogs along shaded pathways, while on weekends, they can take their children on a bike ride to the beach or have a picnic under the shady casuarina trees. The estate has a distinct resort-style feel, with lounge chairs by the pool, barbecue pavilions for social gatherings, and quiet reading spots that catch the refreshing sea breeze. Adding to the charm of this neighbourhood is the recently opened Coastal Cabana, a luxurious beachfront development that offers the perfect blend of comfort and coastal living.
at Singapore Property Market NewsA freehold semi-detached house located on Namly Drive in prime District 10 will be up for auction on Sept 18 with a guide price of $11 million. This marks the first time the property will be auctioned since its owner purchased it in 2009 for around $3.53 million, making it a mortgagee sale.Situated on a spacious and regular land plot designated for two-storey semi-detached housing under the URA Master Plan 2019, the property boasts a total built-up area of 3,875 sq ft and a wide frontage of approximately 13.4 m. With an asking price that translates to $2,376 psf based on its land area of 4,629 sq ft, the property has already garnered “healthy interest” from potential buyers looking to redevelop the site, according to Sharon Lee, head of auction and sales at Knight Frank Singapore, who is handling the sale.Shamrock Park, located within the Namly residential estate in Bukit Timah, is a sought-after neighbourhood for its landed homes, which include a mix of semi-detached, terrace and detached houses. It also sits adjacent to the prestigious Good Class Bungalow areas of Fourth and Sixth Avenue, as well as First and Third Avenue. For added convenience, the property is a mere three-minute drive from Sixth Avenue Station on the Downtown Line and boasts an array of F&B options nearby.Another advantage of the property is its proximity to top schools, including Nanyang Primary School, Raffles Girls’ Primary School, Henry Park Primary School and Methodist Girls’ School, all of which can be found within a 2km radius of the property. This is expected to draw interest from families with school-age children.Based on URA caveats lodged, a total of seven properties at Shamrock Park have already changed hands in 2021. The most recent transaction took place on Aug 6, when a freehold semi-detached house on Namly Drive with a land area of 4,619 sq ft was bought for $10 million ($2,165 psf). Similarly, on July 22, another freehold semi-detached house on Namly Crescent with a land area of 3,922 sq ft was sold for $9.39 million ($2,394 psf).Earlier in the month, on July 16, a freehold semi-detached house on Namly Avenue occupying a land area of 3,157 sq ft was purchased for around $13.1 million, which amounts to a whopping $4,150 psf.Read also: Knight Frank: Recovery for luxury homes in the pipeline as travel restrictions easeAs prices for landed homes in prime District 10 continue to rise, this freehold semi-detached house on Namly Drive presents a rare and lucrative opportunity that is not to be missed. Interested buyers are invited to attend the auction on Sept 18 and make their bids for this prime property.
