Freehold semi-detached house at Clementi Crescent on the block for $7 mil

By
/ EdgeProp Singapore
|
November 22, 2019 11:00 AM SGT
SINGAPORE (EDGEPROP) - A freehold two-storey semi-detached house at the end of a cul-de-sac at Clementi Crescent has been put on the block by its owner.
Marketed by the Auction Team at Knight Frank Singapore, the property has a guide price of between $7 million and $7.5 million. This translates to between $1,465 psf and $1,570 psf on the land area.
The house sits on a 4,778 sq ft land plot and has a built-up area of 3,831 sq ft. Based on URA Realis, the property was purchased for $2.55 million ($534 psf) back in 1999 and has not changed hands since.
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The two-storey house is being sold through an expression of interest exercise (Pictures: Knight Frank)
The property has only been on the market for three months and the owner is prepared to hear all reasonable offers, says Tricia Tan, associate director with the Auction Team at Knight Frank.
The expression of interest exercise will close on Dec 4 while the auction will be conducted separately on Dec 9.
Located off Clementi Road in District 21, the house sits in a three-storey mixed landed estate. The property is also close to the bungalow estate and mixed landed estate on Sunset Way.
Having been renovated way back in 2000, the owner recently carried out new addition and alteration works. The house comprises five bedrooms that can each fit a king-sized bed and has an en-suite bathroom. As the property sits on elevated land, the view from the roof terrace overlooks most of neighbouring houses as well as the surrounding greenery.
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Built on elevated land, the house overlooks the landed estate and surrounding greenery
Tan says families with school-going children should find the house attractive as there are several tertiary educational institutes in the Clementi area.
The property is close to Singapore University of Social Sciences and Ngee Ann Polytechnic. There are also many popular schools in the neighbourhood including Pei Tong Primary School, Henry Park Primary School, Anglo-Chinese School (Independent), and Nan Hua High School.
“Parents living in Clementi do not need to worry about meeting their children’s educational needs from primary all the way to the tertiary level,” adds Tan.
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Having a central location also means that it is convenient to travel to the city centre and other parts of the island by the Pan-Island Expressway and the Ayer Rajah Expressway.
“Lately, many landed home buyers have started house hunting in Districts 9 and 10, but they are gradually discovering District 21 and the many merits of residing there. In addition, there is a limited supply of available landed houses in the district, which makes this a valuable buying opportunity,” says Tan.
For price trends, recent transactions, other project info, check out Clementi Crescent project research page
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