Archive for category: Misc

(This property)

In the highly sought-after Bukit Tunggal Good Class Bungalow (GCB) area in District 11, stands a grand bungalow with eight bedrooms on Gentle Road. This stunning property boasts a generous land area of 7,660 sq ft and a built-up area of 9,500 sq ft, sitting on a freehold regular plot.

The property, jointly marketed by Alvin Tan of JNA Real Estate and Loyalle Chin of ShophouseHuat under the umbrella of PropNex Realty, is available for sale at $20 million, or $2,611 psf based on land area. The bungalow has a 20m frontage along Gentle Road and a spacious car porch that can accommodate up to six cars. It has been unoccupied for the past two months.

An open house for the property is scheduled to take place on the weekend of August 30 and 31.

The first floor of the bungalow includes a living room, dining room, kitchens, and two bedrooms. A two-storey glass window on the west side of the house showcases the glass lift and spiral staircase, allowing natural light to enter the interior during the day. On the opposite side of the house, there is a 15m dipping pool, while the basement serves as an entertainment floor with an enclosed gym, music room, games room, and home theatre.

The first floor features a spacious living room, a dining room, and both wet and dry kitchens, which open onto a service yard at the back of the property. Additionally, there are two bedrooms on the first floor, and three en suite bedrooms, including the master suite, are located on the second floor. The master bedroom, which spans the entire width of the house, offers residents a walk-in wardrobe, space for a King-sized bed, and a study/lounge area.

The attic houses three en suite bedrooms and also features a south-facing open-air verandah. From here, residents can enjoy unobstructed views of the landmarks in Novena, such as Revenue House, Novena Square, and Royal Square at Novena.

Alvin Tan, an associate director at PropNex Realty, highlights the appeal of owning a home in this landed estate, which is in close proximity to Novena and several top primary schools, including Anglo-Chinese School (Primary) and St Joseph’s Institution Junior, which are within a 1km range. Other primary schools within a 2km vicinity include CHIJ Primary (Toa Payoh), Farrer Park Primary School, Hong Wen School, Singapore Chinese Girls’ Primary School, and St Margaret’s School.

Tan says, “The bungalow’s asking price of $20 million is a rare opportunity to own a home in a GCB area that is also close to several well-known schools. Moreover, its proximity to Novena and the future HealthCity adds to the property’s long-term value proposition.”

Loyalle Chin, PropNex Realty’s associate group district director, agrees that the bungalow’s asking price is “a rare opportunity to own a home in a GCB area that is also close to several well-known schools.” He adds, “its proximity to Novena and the future HealthCity adds to the property’s long-term value proposition.”

Caveats lodged with URA Realis show that the property last changed hands in 2008 for $6.5 million. In 2011, the home was torn down and rebuilt into its current form. The home, designed for a multi-generational family, was occupied for 14 years, and after they left in June, it was put up for sale.

According to PropNex’s Tan, the asking price of $20 million makes it “the most competitively priced bungalow in a GCB area in District 11 on the market today.” He adds that this is equivalent to the price of a new detached house in the area, albeit one sitting on a smaller site of under 5,000 sq ft.

Tan estimates that if the residents choose to renovate the bungalow, it would cost at least $950,000 or possibly more, depending on the materials, fittings, and fixtures used. He adds, “most landed home buyers today prefer homes that require minimal renovation given the higher cost of construction and extended redevelopment timelines.”

The bungalow has an efficient layout that maximises the site, and it has been well maintained over the years. Tan believes that this will attract serious buyers who do not want to undertake extensive renovation works.

As a result of the generally positive buying sentiment in the landed market compared to the start of the year, buyers, including affluent families and newly minted Singaporeans, are becoming increasingly active, says Tan. However, he notes that many buyers remain cautious due to the ongoing economic uncertainties.

The new residential development of Coastal Cabana CNQC, located near Pasir Ris Downtown East, perfectly encapsulates the charm and appeal of the eastern shoreline. The area boasts of several amenities that make it highly liveable, such as the convenience of having multiple rail connections through the East-West Line and upcoming Cross Island Line, and quick access to major roads like TPE, PIE, and ECP. Additionally, the area is well-connected by a network of arterials like Jalan Loyang Besar, Loyang Avenue, and Elias Road.

With an impressive array of practical bedroom options, family-friendly facilities, and easy access to coastal recreation, living in Coastal Cabana promises seamless movement, effortless routines, and endless possibilities for weekend activities. Developed by Qingjian Realty in the vibrant District 18, this residence offers unparalleled convenience and a vibrant lifestyle. To learn more, visit Coastal Cabana’s official website.

Tan remains confident that the property will pique the interest of serious buyers due to its $20 million price tag.