Three-storey semi-detached in Bedok South on the block for $3.65 mil
A 99-year leasehold semi-detached residence is going to appear on the block at SRI’s coming auction on March 15 with a guide rate of $3.65 million. The three-storey property inhabits a 3,034 sq ft section plot on Kew Heights in District 16. The $3.65 million cost tag shows a land charge of $1,203 psf.
The residence has a floor area of 4,436 sq ft over three levels. The ground level has a living hall with a double- volume ceiling, an adjacent dining area, a kitchen and a helper’s room. The upper two levels have six rooms, a family space and a storeroom. The house also consists of a car porch and a backyard area.
A mortgagee sale, this will certainly be the very first time that the property will be offered for sale using auction. The house will be shown with vacant ownership.
The location stands near primary motorways such as East Coast Parkway (ECP) by means of Bayshore Road and will be served by the upcoming Bedok South MRT Station around the Thompson-East Coast Line when it opens up in 2H2026.
According to Mok Sze Sze, handling associate of auctions and sales at SRI, prospective purchasers might have the chance to convert some of the open areas right into added rooms, making the property perfect for expanded or multi-generational families.
Prices of 99-year leasehold, semi-detached real estates in the Kew Vale estate have actually expanded recently. According to URA Realis, 7 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 across 7 transactions at the estate between 2021 and 2022.
The various purchase was the sale of a three-storey terraced residence occupying a 2,300 sq ft plot along Kew Drive. The property altered hands for $3.26 million ($1,417 psf) in January.
Last year, two various other 99-year leasehold landed properties within the Kew Vale estate were sold. One of the most recent purchase was the sale of a three-storey semi-detached house 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.
Numerous colleges are also situated close to the property up for auction, including Temasek Primary and High Schools, Bedok South Secondary and Bedok View Secondary.
Mok adds that in terms of land price, the real estate’s guide cost of $1,203 psf is one of the most affordable available in the area. URA caveats indicate that the property last changed hands in November 2021 for $3.19 million ($1,051 psf).
