Trustee sale of Chee Hoon Avenue bungalow for $27 mil

A detached house at 46 Chee Hoon Avenue within District 11’s Capitol Park estate is now up for sale via an expression of interest (EOI) exercise launched on Sept 14. Located in the Good Class Bungalow area, the two-storey property is in move-in condition with a coveted address. The trustees expect offers in the region of $27 million, which translates to $2,440 psf on the 11,064 sq ft land area.

Located at the end of a cul-de-sac, the house has a north-south orientation with a frontage of 41m and a depth of up to 28m. It is well-kept and rented out, offering minimal renovation needs and an immediate stream of income.

The property is situated 600m from the Singapore Botanic Gardens, 680m from the Botanic Gardens MRT Interchange for the Downtown and Circle Lines, 1km from Nanyang Primary School and within 2km from Raffles Girls’ Primary School and Singapore Chinese Girls’ School.

Nicholas Ng, senior director at JLL, points out the property’s benefits. “The property has a coveted address and is suited for families who appreciate living in a serene, low-density community with the convenience of many surrounding popular schools and amenities,” he notes.

The EOI exercise will close on Oct 19 at 12pm and the house is being sold with vacant possession and on an “as is where is” basis. Looking at recent sales transactions on Chee Hoon Avenue, this may turn out to be a lucrative investment.

This development offers residents an urban lifestyle with all the amenities of modern living. The interiors of the units are contemporary in design with modern fixtures and fittings. All apartments come with private balconies offering sweeping views of the surrounding woods. This Woodlands Champions Way Condo development also boasts a roof top garden and a shared gymnasium. Safety is a priority at the Woodlands Champions Way Condo. There are 24 hour Security guards and surveillance cameras covering the premises. Residents also enjoy access to covered car parks and TVs.

Offering a serene, low-density living environment with the convenience of nearby popular schools, 46 Chee Hoon Avenue could be the perfect home for families looking for an ideal address. Trustees of the property expect offers “in the region of $27 million”, translating to $2,440 psf on 11,064 sq ft land area – that’s an offer worth considering. The EOI exercise will close on Oct 19 at 12pm.

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