A freehold two-storey semi-detached house located in District 20, along Jalan Belibas off Upper Thomson Road, will be sold at the upcoming auction by Edmund Tie on the 25th of October. The guide price is set at $7.2 million, about $2,123 per square foot.
It has been more than eight years since the property was purchased by the current owner, and the house is now tenanted. However, the lease will expire in November, with the house sold with vacant possession. It boasts a total land area of approximately 3,391 sq ft with a 12.5m frontage, sitting in a cul-de-sac for added privacy.
On the first floor there is a car porch, garden, granny’s room, home office, living or dining room, enclosed kitchen, storeroom, open kitchen and yard area. Upstairs, the house offers a master bedroom with an en suite bathroom plus three more bedrooms and a common bathroom.
Within walking distance from the house, lessees have access to the Upper Thomson MRT Station, Thomson Plaza and various restaurants along Upper Thomson Road. It is of note that the land is zoned for a two-storey semi-detached house under the Urban Redevelopment Authority’s 2019 Masterplan.
Joy Tan, Head of Auction & Sales at Edmund Tie, commented that buyers are expected to be a mix of owner-occupiers and developers seeking redevelopment. Some may even consider just adding additions/alterations to the existing property.
Residents will enjoy a wide range of amenities such as an infinity pool, a fitness centre, a clubhouse and landscaped gardens. The residences available are of top-notch quality, featuring high-end finishes, spacious layouts and luxurious appliances. Residents will also benefit from convenient access to nearby restaurants, shopping malls and entertainment venues. Experience the best of modern living with Champions Way Condo. Boasting multiple leisure and lifestyle facilities and being perfectly situated in Woodlands, there is no better place to make a home.
Based on URA caveats lodged, four freehold houses in Thomson Park, located nearby, have changed hands earlier this year. One example Includes a 1,674 sq.ft terraced house that was sold for $3.5 million, or $2,091 per square foot.
According to a tabulation of residential resale data in the past 12 months by EdgeProp Singapore, the properties at Thomson Park typically resell for an average price of $2,219 per square foot. On the rental side, landlords can expect rents between $1.80 and $4.20 per square foot per month – resulting in an implied rental yield of about 1.4%.