Best movers of the week (July 14): Liiv Residences, 333 Thomson, The Serenade @ Holland and The ScalaPUBLISHED: JULY 23, 2019 08:30 AM | UPDATED: JULY 23, 2019 08:51 AM
A two-bedroom-plus-study unit with a size of 1,109 sq ft is currently being put up for mortgagee sale at Knight Frank’s property auction on June 26. Located at Bartley Residences, a 99-year leasehold development, the property has a guide price of $1.9 million, which translates to $1,713 psf on the floor area.This is the second time the property is being sold at Knight Frank’s auction. However, it did not attract any buyers during the most recent auction and was eventually withdrawn from the sale.Sharon Lee, head of auction and sales at Knight Frank Singapore, believes that the auction took place during a lull period due to the June school holidays, which could have contributed to the lack of interest in the property.Read also: A 24-unit freehold development at Lorong 35 Geylang for sale at $38.5 milAdvertisementAdvertisementThe two-bedroom-plus-study unit, which spans 1,109 sq ft, boasts an ensuite master bedroom, a second bedroom, a study area, common bathroom, and living and dining area. Lee notes that the layout offers potential buyers the flexibility to use the space according to their needs. The study area, which is fully enclosed, can easily be converted into a third bedroom or helper’s room, says Lee.In addition, the property features an expansive balcony that offers an unblocked view of the landed estate surrounding the development. According to Lee, this area could also be converted into an outdoor dining area.In the past six months, there have been 19 resale transactions at Bartley Residences, with an average price of $1,817 psf. The most recent transaction happened on June 26, when a 463 sq ft, one-bedroom unit on the ninth floor was sold for $828,000 ($1,789 psf).Other resale transactions at the development ranged from $1,620 psf, when a 797 sq ft unit was sold for $1.29 million on June 20; to $2,024 psf, which came from the resale of a 1,087 sq ft unit for $2.2 million on Jan 7.Located along Lorong How Sun in District 19, Bartley Residences comprises eight residential blocks, totalling 702 units. There is a mix of one- to four-bedroom units, ranging from 463 sq ft to 2,250 sq ft.Lee expects strong demand for the property due to its proximity to several schools, which are located within a 500-metre radius of the development, such as Maris Stella High School (Secondary), Maris Stella High School (Primary), and Bartley Secondary School. The development is also within walking distance to Bartley MRT Station.Read also: The Asteria in Tuas for sale at $14 milAdvertisement“With the good schools situated near the development and its close proximity to Bartley MRT Station, we expect high demand for the property,” says Lee. “The upcoming Bidadari New Town is also expected to bring in more amenities to the area, making it even more attractive as a residential location.”RELATED NEWSASK BUDDY: 50 hilltop terrace houses in Toh Crescent for saleAWARDS: Best projects for families and singles looking to buy for children’s educationBest movers of the week (Aug 18): Avenue South Residence, The Tapestry, and moreHDB Resale Prices Up 1.5% in 2QMeadows Mansion on the market for $95 milPUBLISHED: JULY 23, 2019 08:30 AM | UPDATED: JULY 23, 2019 08:50 AM
A two-bedroom-plus-study unit with a size of 1,109 sq ft is now up for mortgagee sale at Knight Frank’s property auction on June 26. The unit is located at Bartley Residences, a 99-year leasehold development, and has a guide price of $1.9 million, which translates to a rate of $1,713 psf on the floor area.This is already the second time that the property is being put up for sale at Knight Frank’s auction. However, no buyers were interested during the most recent auction, and the property was subsequently withdrawn.Sharon Lee, head of auction and sales at Knight Frank Singapore, explains that the auction was held during a lull period coinciding with the June school holidays. This may have contributed to the lack of interest in the property, as most buyers tend to hold back on their property purchases during this period.Read also: A 14,000 sq ft bungalow at Good Class Bungalow Area near Orchard Road for sale at $48 milAdvertisementThe two-bedroom-plus-study unit spans 1,109 sq ft and features an ensuite master bedroom, a second bedroom, a study area, common bathroom, and living and dining area. According to Lee, the layout is designed to give potential buyers flexibility in terms of usage. As she points out, the study area, which is completely enclosed, can be converted into a third bedroom or a helper’s room.The property also boasts an expansive balcony, which offers an unblocked view of the landed estate surrounding the development. This area can easily be converted into an outdoor dining area, says Lee.Data from URA’s caveats show that in the last six months, 19 units at Bartley Residences have changed ownership, at an average resale price of around $1,817 psf. The latest transaction recorded was the sale of a 463 sq ft, one-bedroom unit on the ninth floor for $828,000 ($1,789 psf) on June 26. During the same period, resale prices ranged from $1,620 psf, when a 797 sq ft unit went for $1.29 million on June 20; to $2,024 psf, when a 1,087 sq ft unit was sold for $2.2 million on Jan 7.Located at Lorong How Sun, in District 19, Bartley Residences comprises 702 units spread over eight residential blocks. Buyers have a choice of one- to four-bedroom units, ranging from 463 sq ft to 2,250 sq ft.Lee projects a high demand for this property, citing its proximity to schools, such as Maris Stella High School (Secondary), Maris Stella High School (Primary), and Bartley Secondary School, all of which are within a 500-metre radius from the development. The property is also a short walk from Bartley MRT Station.Read also: A penthouse at 8 Niven Road sold for $14.26 milAdvertisement“We anticipate a high demand for the property because of the good schools and its proximity to Bartley MRT Station,” Lee says. “Given that, the upcoming Bidadari New Town is expected to bring in more amenities to the area, so naturally, this would only make the property even more attractive for people seeking a residential location.”RELATED NEWSASK BUDDY: Hilltop terrace houses in Toh Crescent for sale at $93 milAWARDS: Best projects for families and singles looking to buy for children’s educationBest movers of the week (Aug 18): Avenue South Residence, The Tapestry, and moreHDB Resale Prices Up 1.5% in 2QMeadows Mansion on the market for $95 milPUBLISHED: JULY 23, 2019 08:40 AM | UPDATED: JULY 23, 2019 08:50 AM