Tag Archives: Bungalow

Tudor Close bungalow on sale for $38m

Posted on 22 May 2013 | Comments Off on Tudor Close bungalow on sale for $38m

A two-storey freehold bungalow at Tudor Close in District 11 is up for sale by tender with a price tag of over S$38 million, said the property’s marketing agent Savills Singapore.

Located on a 22,534 sq ft site, the plot has been approved for subdivision into four lots. It lies near the Camden Park and Chee Hoon Avenue good class bungalow (GCB) areas and is accessible via Dunearn Road and Kheam Hock Road.

Commenting on the sale, Steven Ming, Deputy Managing Director of Savills Singapore, said: “Such (a) prime site is rare and would appeal to boutique developers and extended families who wish to stay close together.”

Derrick Tan, Associate Director for Investment Sales, added: “The property is expected to be well-received as it has attractive attributes for a dream home such as being well-elevated, regular shaped and a north-south orientation.”

The tender for the site closes on June 28.

Source – PropGuru – 22 May 2013

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Still no confirmed buyer for $300m bungalow

Posted on 18 May 2013 | Comments Off on Still no confirmed buyer for $300m bungalow

The tender for the S$300 million bungalow at 33 Nassim Road closed yesterday with no confirmation on a buyer, reported The Straits Times.

Karamjit Singh, Head of Investments and Residential at Jones Lang LaSalle, said that bids were received but declined to give details.

According to market watchers, a negotiation is likely to take place before the final offer is confirmed due to the high price.

With a land area of 85,000 sq ft, the site houses a two-storey bungalow, tennis court and swimming pool. Cheng Wai Keung, the seller and chairman of Wing Tai Holdings, was expecting bids of between S$250 million and S$300 million, or S$2,947 to S$3,536 psf.

This price would surpass the earlier records set by a Leedon Park property sold for S$2,110 psf and a home sold at Nassim Road for S$2,000 psf.

With its eye-popping price tag, some experts are doubtful whether the property will find a buyer.

“Potential buyers could afford large mansions in many other cosmopolitan and global cities like London or New York. Why would they choose to pay such a premium here?” said one analyst who declined to be named.

Source : PropGuru – 18 May 2013

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