Three-storey semi-detached in Bedok South on the block for $3.65 mil
A number of colleges are also located close to the property up for public auction, including Temasek Primary and High Schools, Bedok South Secondary and Bedok View Secondary.
The other deal was the sale of a three-storey terraced home taking up a 2,300 sq ft plot along Kew Drive. The property changed hands for $3.26 million ($1,417 psf) in January.
A mortgagee sale, this will certainly be the very first time that the real estate will be marketed via auction. The house will be offered with uninhabited ownership.
Mok includes that in regards to land cost, the real estate’s guide price of $1,203 psf is one of the lowest on offer in the place. URA caveats indicate that the property last transformed hands in November 2021 for $3.19 million ($1,051 psf).
Costs of 99-year leasehold, semi-detached real estates in the Kew Vale estate have grown in recent times. According to URA Realis, 7 semi-detached houses were offered in 2023 and 2024 at a standard land rate of $1,213 psf. This is up from the average land price of $1,002 psf throughout seven deals at the estate between 2021 and 2022.
The area rises close to major motorways such as East Coast Parkway (ECP) using Bayshore Road and are going to be offered by the upcoming Bedok South MRT Terminal throughout the Thompson-East Coast Line when it opens in 2H2026.
In 2024, two various other 99-year leasehold landed properties within the Kew Vale estate were offered. The most current purchase was the sale of a three-storey semi-detached residence along Kew Heights for $3.35 million in February. It had a land area of 2,396 sq ft, showing a land rate of $1,398 psf.
The residence has a floor area of 4,436 sq ft over three levels. The ground level has a living hall with a double- volume ceiling, an adjacent dining area, a kitchen and a helper’s room. The upper two levels contain six rooms, a family space and a storage room. The residential property even includes a car porch and a backyard area.
A 99-year leasehold semi-detached house will show on the block at SRI’s coming auction on March 15 with a guide rate of $3.65 million. The three-storey property takes up a 3,034 sq ft section plot on Kew Heights in District 16. The $3.65 million cost tag mirrors a land cost of $1,203 psf.
According to Mok Sze Sze, regulating associate of auctions and sales at SRI, potential purchasers may have the possibility to switch some of the open areas right into additional bedrooms, making the property suitable for prolonged or multi-generational families.
