Hougang oddity still unsold after 11 years

A three-storey corner terrace house on a unique wedge-shaped site in Hougang is up for sale below the valuation price, reported The Straits Times.

Offered on a 99-year lease and completed in 2002, the 6,813 sq ft property has remained unsold for the last 11 years due mainly to its odd shape. Aside from the land parcel, the rooms are also irregularly shaped.

The report added that one section of the house faces Hougang Avenue 2 with a catchment drain flanking the other side. A nearby overhead bridge looks directly into the second floor of the property.

Owned by YHS Hougang, a unit of Far East Organization, the house is part of Henley Gardens, a 36-unit terrace house project at Jalan Arif.

Last weekend, a swarm of property agents were at the site, with many carrying placards showing a price of S$470 psf.

Source – PropGuru – 20 May 2013

 

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