Three-storey semi-detached in Bedok South on the block for $3.65 mil
Rates of 99-year leasehold, semi-detached real estates in the Kew Vale estate have actually grown recently. According to URA Realis, seven semi-detached residences were sold in 2023 and 2024 at an average land price of $1,213 psf. This is up from the average land price of $1,002 psf across seven deals at the estate in between 2021 and 2022.
A mortgagee sale, this will be the very first time that the real estate are going to be sold by means of auction. The house will be presented with vacant possession.
In 2024, two other 99-year leasehold landed real estates within the Kew Vale estate were offered. The most recent purchase was the sale of a three-storey semi-detached home around Kew Heights for $3.35 million in February. It had a land area of 2,396 sq ft, showing a land price of $1,398 psf.
Numerous institutions are also situated near the property up for auction, including Temasek Primary and Secondary Schools, Bedok South Secondary and Bedok View Secondary.
The area is located nearby major motorways such as East Coast Parkway (ECP) through Bayshore Road and are going to be offered by the upcoming Bedok South MRT Station along the Thompson-East Coast Line when it opens in 2H2026.
Mok includes that in regards to land cost, the property’s guide price of $1,203 psf is one of the most affordable available in the location. URA caveats show that the property last changed hands in November 2021 for $3.19 million ($1,051 psf).
According to Mok Sze Sze, regulating partner of auctions and sales at SRI, prospective purchasers might have the opportunity to change some of the open areas right into additional bed rooms, making the property perfect for expanded or multi-generational families.
The house has a floor space of 4,436 sq ft over three levels. The ground level has a living hall with a double- volume ceiling, an adjacent dining area, a kitchen and a helper’s room. The upper two levels consist of 6 bedrooms, a family area and a storage place. The property even consists of a car porch and a backyard area.
The different deal was the sale of a three-storey terraced home taking up a 2,300 sq ft plot around Kew Drive. The property changed hands for $3.26 million ($1,417 psf) in January.
A 99-year leasehold semi-detached house is going to appear on the block at SRI’s coming auction on March 15 with an overview cost of $3.65 million. The three-storey real estate occupies a 3,034 sq ft corner plot on Kew Heights in District 16. The $3.65 million cost tag reflects a land cost of $1,203 psf.
