Three-storey semi-detached in Bedok South on the block for $3.65 mil
A 99-year leasehold semi-detached residence will develop on the block at SRI’s upcoming auction on March 15 with an overview price of $3.65 million. The three-storey real estate takes up a 3,034 sq ft corner plot on Kew Heights in District 16. The $3.65 million cost tag reflects a land cost of $1,203 psf.
According to Mok Sze Sze, regulating associate of auctions and sales at SRI, potential purchasers might have the chance to change some of the open areas into added rooms, making the property perfect for extended or multi-generational families.
In 2024, 2 various other 99-year leasehold landed residential properties within the Kew Vale estate were offered. One of the most current purchase was the sale of a three-storey semi-detached residence along Kew Heights for $3.35 million in February. It had a land area of 2,396 sq ft, showing a land price of $1,398 psf.
A mortgagee sale, this will be the very first time that the property will be marketed via auction. The house will be shown with vacant possession.
Numerous institutions are also located near the property up for public auction, including Temasek Primary and Secondary Schools, Bedok South Secondary and Bedok View Secondary.
The other transaction was the sale of a three-storey terraced house occupying a 2,300 sq ft plot along Kew Drive. The property altered hands for $3.26 million ($1,417 psf) in January.
Rates of 99-year leasehold, semi-detached properties in the Kew Vale estate have grown recently. According to URA Realis, seven semi-detached residences were offered in 2023 and 2024 at a standard land rate of $1,213 psf. This is up from the average land price of $1,002 psf throughout seven transactions at the estate between 2021 and 2022.
The location rises near major motorways such as East Coast Parkway (ECP) through Bayshore Road and are going to be offered by the upcoming Bedok South MRT Terminal around the Thompson-East Coast Line the moment it opens in 2H2026.
Mok includes that in regards to land rate, the real property’s guide price of $1,203 psf is one of the lowest on offer in the place. URA cautions show that the property last altered hands in November 2021 for $3.19 million ($1,051 psf).
The property has a level area of 4,436 sq ft over three grounds. The ground level has a living hall with a double- volume ceiling, an adjoining dining area, a kitchen and a helper’s room. The upper two levels consist of 6 bedrooms, a family area and a storage place. The property even includes a car porch and a backyard area.
