Three Storey Semi Detached Bedok South Block 365 Mil
SRI’s next property auction on March 15 will feature a 99-year leasehold semi-detached house, with a guide price of $3.65 million. Located on Kew Heights in District 16, the three-storey property sits on a 3,034 sq ft corner plot. The land rate for this property works out to be $1,203 psf.
This will be the first time this particular property is being auctioned, as it is a mortgagee sale. Buyers will have the advantage of purchasing the house with vacant possession.
Spanning over three floors, the house has a total floor area of 4,436 sq ft. The ground level boasts a grand living hall with a double-volume ceiling, an adjoining dining area, a kitchen, and a helper’s room. The upper two levels consist of six bedrooms, a family area, and a storeroom. The property also includes a car porch and a backyard area.
According to SRI’s managing partner of auctions and sales, Mok Sze Sze, there is potential to convert some of the open spaces into additional bedrooms, making this property an ideal option for multi-generational families. Additionally, the guide price of $1,203 psf is one of the lowest in the area, making it an attractive investment opportunity. Records from URA show that the property was last transacted in November 2021 for $3.19 million ($1,051 psf).
In recent years, the prices of 99-year leasehold semi-detached properties in the Kew Vale estate have seen an uptrend. In 2023 and 2024, seven semi-detached houses were sold at an average land rate of $1,213 psf, up from the average land rate of $1,002 psf between 2021 and 2022.
The property is strategically located near major highways such as East Coast Parkway (ECP) via Bayshore Road and will also benefit from the upcoming Bedok South MRT Station along the Thomson-East Coast Line, set to open in the second half of 2026.
The Marina Gardens Lane Condo by Kingsford Development is more than just a luxurious and convenient residence; it’s a true embodiment of a lifestyle that caters to all needs and wants within close proximity. Its prime location ensures that residents have easy access to the finest shopping and dining experiences in the city. From indulging in retail therapy at world-renowned malls to savoring local flavors at renowned hawker centers or enjoying a fine dining experience, the One Marina Gardens has it all covered. With Marina Gardens Lane Condo, residents can enjoy a well-rounded and fulfilling lifestyle.
The area is also home to various schools, including Temasek Primary and Secondary Schools, Bedok South Secondary, and Bedok View Secondary, making it a desirable location for families.
Check out the latest listings for Kew Vale properties and view sale transactions in the area. Compare price trends of condo and EC new sales and take a look at the condo projects with the most expensive average PSF in District 16. Additionally, you can also find out if there have been any unprofitable transactions in Kew Vale.