Last month, more than 20 landed homes in Serangoon Gardens and Lorong Chuan areas changed hands, according to URA Realis database of caveats lodged. From July 24 to 31 alone, contracts were signed for 10 properties — seven terraced houses, a pair of semi-detached homes and a single-storey bungalow.
One of the oldest housing estates in Singapore, Serangoon Gardens Estate was built for British soldiers based on the island in the 1960s, and in the 1970s, it became a popular residential estate among middle-to-up-per-class Singaporeans. In recent years, it has undergone a tremendous transformation with the relocation of the Australian International School (AIS) to Lorong Chuan. The expansion of AIS — it is opening a senior wing in March — as well as the opening of Stamford American School on Aug 17, is likely to lure more expatriate families to the neighbourhood.
One of the transactions between July 24 and 31 involved a relatively new, 2½-storey terraced house, with its own lap pool, on Huddington Avenue. The 2,949 sq ft property was sold for $2.75 million ($931 psf) based on a July 31 contract date. The property last changed hands for $1.4 million Continue reading
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