March 15, 2020Selling at a guide price of $3.65 million, a 99-year leasehold semi-detached house on Kew Heights in District 16 is set to make its auction debut on March 15. The three-storey property occupies a 3,034 sq ft corner plot, boasting a land rate of $1,203 psf.The house, which has a total floor area of 4,436 sq ft, comes with vacant possession. It features a living hall with a double-volume ceiling, an adjoining dining area, a kitchen, a helper’s room, and six bedrooms on the upper two levels. There is also a family area and a storeroom in the house, as well as a car porch and backyard area.According to Mok Sze Sze, managing partner of auctions and sales at SRI, potential buyers may have the opportunity to convert some of the open areas into additional bedrooms, making the property ideal for extended or multi-generational families. She also notes that the guide price of $1,203 psf is one of the lowest land rates on offer in the Kew Vale estate.The property last changed hands in November 2021 for $3.19 million ($1,051 psf), in a mortgagee sale. This will be the first time the house is offered for auction.Several other landed properties in the Kew Vale estate have been sold in recent years, including a three-storey semi-detached house along Kew Heights for $3.35 million in February 2021, and a three-storey terraced house at Kew Drive for $3.26 million in January last year. Both properties have a 99-year leasehold tenure and fetched land rates of $1,398 psf and $1,417 psf respectively.In terms of price appreciation, data from URA Realis shows that seven 99-year leasehold semi-detached houses in the Kew Vale estate were sold at an average land rate of $1,213 psf in 2023 and 2024, up from the average of $1,002 psf across seven transactions in 2021 and 2022.The property is well-served by major roads such as East Coast Parkway (ECP) via Bayshore Road and the upcoming Bedok South MRT Station along the Thompson-East Coast Line, which is set to open in the second half of 2026. In addition, there are several schools in the vicinity, including Temasek Primary and Secondary Schools, Bedok South Secondary, and Bedok View Secondary. Potential buyers can explore their options through the latest listings for Kew Vale properties or check out sale transactions in the estate at Compare Listings or Ask Buddy. Condo projects with higher-than-average PSF rates in District 16, such as The Cascadia and The Bayshore, are also worth considering.
