The bungalow’s single story is situated on a 15,705 square foot elevated land

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Read also: Annual values will be increased and used to calculate property taxes or the majority of residential units

Annual values will be increased and used to calculate property taxes or the majority of residential units

A single-storey, freehold property along Clifton Vale, off Braddell Road in District 13 is available through tenders in a release from the marketing agency PropNex Realty. The property is listed at an estimated cost of $23 million which is $1,465 per sq ft of the lot.

The detached home sits in an elevated site that covers 15705 square feet. It’s situated in an area reserved for bungalows with two floors in Braddell Heights. Braddell Heights mixed-landed estate, located in northeastern Singapore According to PropNex.

Henry Benjamin Lim, head of Good Class Bungalows and Prestige Landed at PropNex The properties that are landed located in Clifton Vale are tightly-held. “There are only five transactions in the last year, with three deals signed in 2021 and one this year.”

He expects the property to attract a lot of interest from owner-occupiers as well as developers seeking to improve the site to offer it for sale. The site could be subdivided into three parcels of approximately 5,200 square feet each, subjected to the obtaining of the necessary approvals. “We believe developers to be keen to take on this site for development in light of the shortage of brand-new detached homes in the area , and the increasing demand for bigger homes in households,” Lim adds.

The bungalow is located 800m from the Lorong-Chuan MRT station, which is located on the Circle Line and is within 1km of St. Gabriel’s Primary School and Yangzheng Primary School. Additional schools located within 2km from the property include Cedar Primary, Maris Stella High School, Kuo Chuan Presbyterian Primary, St. Andrew’s Junior School CHIJ Our Lady of Good Counsel, Raffles Institution, Raffles Girls School (Secondary), Catholic High School and Australian International School. Australian International School.

Retail and F&B facilities within a short travel distance includes The Nex retail mall Serangoon Garden Market, Chomp Chomp Food Centre, The Poiz and Junction 8.

The tender will end at 12pm on the 18th of January 2023.