Executor sale of detached house at Kovan Close for $5.5 mil

SINGAPORE (EDGEPROP) - A two-storey detached house at Kovan Close, consisting of four bedrooms and a helper’s room, will be put up for auction at a guide price of $5.5 million on March 24 by Edmund Tie. It is an executor sale, which is the sale of property on behalf of a deceased person. The executor is the person responsible for carrying out the deceased’s wishes in accordance with the deceased’s will.

The property has a floor area of 3,692 sq ft and sits on 4,708 sq ft of freehold land. The land site is squarish and located at the end of the cul-de-sac at Kovan Close, with a frontage of around 11m.

“At the guide price of $5.5 million, which translates to $1,168 psf, the unit is selling at land cost,” says Joy Tan, head of auctions and sales at Edmund Tie, who has received a few enquiries and viewing requests within a few days of being appointed to sell the house. Interested parties include developers and individual home buyers.

On the first floor of the house, there are separate living and dining areas, a store room underneath the staircase, kitchen area, maid’s room and toilet. On the second floor, there is a master bedroom with en suite toilet, three bedrooms and a common bathroom.

The house is in its original condition and suitable for redevelopment or additions & alterations (A&A). According to URA Master Plan 2019, it is zoned “residential” with a plot ratio of 1.4.

“The buyer will be able to either conduct A&A or redevelop the house into a larger detached house, or may also be able to subdivide the unit into a pair of semi-detached houses as the plot is spacious enough,” says Tan.

The property will be sold with vacant possession on an “as is where is” basis.

The house is located within a five-minute walk to Heartland Mall and Kovan MRT Station. It is also a short drive to Nex Mall and Serangoon Garden Way. Primary schools within 1km include Paya Lebar Methodist Girls’ School and Xinghua Primary School. Other nearby schools include Maris Stella High School, St Gabriel’s Secondary School and Serangoon Junior College.