Tag Archives: Bungalow

Katong bungalow to go under the hammer

Image: 25 Branksome Road. (Source: Colliers International)

A freehold redevelopment site at 25 Branksome Road in District 15 will be put up for sale by auction at the end of this month, according to marketing agent Colliers International.

The 13,844 sq ft site is located within a landed housing enclave between Tanjong Katong Road and Crescent Road, and is currently occupied by an old single-storey bungalow.

Under the Master Plan 2014, it is zoned residential and within a “two-storey semi-detached landed housing vicinity”.

According to Colliers, the indicative price for the plot is in the range of $15 million to $17 million, which translates to a psf price of $1,083 to $1,227.

The consultancy noted that the median price of detached houses in District 15 stood at $1,246 psf on the land area in Q2 2015.

“A landed housing site of this size – and one with redevelopment potential – in District 15 is rarely made available for sale. Transactions of similar large sites were last recorded two years ago – a 13,632 sq ft site at Seraya Lane that was sold for $17 million ($1,247 psf) and a 12,525 sq ft site at Goodman Road that changed hands at $16.38 million ($1,308 psf),” said Grace Ng, Deputy Managing Director at Colliers.

“The site has potential for sub-division to accommodate either two detached houses or one detached house and a pair of semi-detached houses,” added Ng, who expects to see keen interest from owner-occupiers and developers.

The subject property is close to shopping malls such as Parkway Parade, 112 Katong and the upcoming The Flow @ East Coast, as well as reputable schools like Tao Nan School and Tanjong Katong Girls’ School. Dakota MRT, as well as the future Amber and Marine Parade MRT stations are also in the vicinity.

The Colliers auction takes place on 30 September at the Amara Hotel.

 

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Court divides bungalow based on couple’s contribution

Before buying a house, married couples should discuss how they will split the property in case they break up.

The Court of Appeal said this in its ruling last week, regarding an ownership tussle over a $20 million good class bungalow (GCB) between Chan Yeun Lan and her husband, See Fong Mun.

The house was purchased in 1983 by See, using his own funds and overdrafts, plus $290,000 from Chan’s savings. Three days before the transaction, she inked a power of attorney which allows her husband and their eldest son to manage the 20,000 sq ft property.

However, she rescinded the document in April 2011. Consequently, her husband filed a case in the High Court to invalidate her action, and he won the right to keep the bungalow in May 2013.

In the appeal, his lawyers Lim Seng Siew and Lai Swee Fung argued the house in Chancery Lane belonged entirely to their client because Chan’s contribution was intended to be a loan that will be repaid by See.

Chan’s Senior Counsel Engelin Teh and attorney Simon Jones asserted that certain documents prove that See had agreed to give her the ownership of the property in return for her contributions.

However, the Court of Appeal, comprising Chief Justice Sundaresh Menon and Judges of Appeal V.K. Rajah and Andrew Phang, decreed that 15.8 percent of the property should go to Chan due to her financial contribution. This is because both parties’ common intention in relation to the house is uncertain due to incomplete evidence and the wife’s hazy memory.

Chan died earlier this year, after her appeal was heard against a High Court decision.