Singapore’s cityscape is characterized by towering structures and cutting-edge infrastructure. Condominiums, strategically situated in desirable locations, offer a perfect fusion of extravagance and practicality that appeals to both locals and foreigners. These residences boast a variety of top-notch facilities, including but not limited to swimming pools, fitness centers, and round-the-clock security, which elevate the standard of living and make them all the more desirable to potential renters and buyers. This makes them a lucrative option for investors, as these perks often translate into higher rental returns and appreciation in property value over time. Condos are definitely a top choice for those looking to invest in Singapore’s real estate market.
A three-storey corner terrace house along Verde Grove in Choa Chu Kang has been sold even before it has the chance to go to an auction. The buyer has already been issued the option to purchase, according to Sharon Lee, the head of auction and sales at Knight Frank Singapore. This property, which was supposed to be featured in Knight Frank’s upcoming auction on Aug 21, was sold at a mortgagee sale with an initial price of $2.8 million. Calculated based on the land area of 2,661 sq ft, the price comes to $1,053 psf.The three-storey property features a built-up area of 3,243 sq ft and comes with five bedrooms, a roof terrace, and a driveway and car porch that can accommodate two to three cars. The first level has a living hall, a dining hall, a common bathroom, a granny’s room, a bathroom, and a yard area. On the second level, you’ll find the master suite with a walk-in wardrobe, and another bedroom with an en suite bathroom and a dresser area. The remaining two bedrooms, along with a family hall and an adjoining balcony, are located on the third level.Because of its generous land size, Lee expects the property to attract both upgraders and multi-generational families. She describes it as a good deal considering that it comes with a large land plot, which is comparable to that of some semi-detached houses. This house is part of the Villa Verde landed development that was completed in 2000. The development has a total of 515 terraced units with land sizes that range from 1,614 sq ft to 3,468 sq ft.Villa Verde, which is situated off Choa Chu Kang Drive in District 23, boasts of several amenities nearby, such as Choa Chu Kang Stadium, Choa Chu Kang Park, and shopping malls like Yew Tee Point, Lot One Shopping Mall, and Bukit Panjang Plaza. Within a 1km radius from the house, you’ll find four primary schools, namely De La Salle School, South View Primary School, Tech Whye Primary School, and Yew Tee Primary School. According to URA caveats, eight terrace houses at Villa Verde have been sold as of June this year. The most recent transaction was recorded on June 27, with a house that has a land area of 1,541 sq ft fetching $2.49 million ($1,616 psf).Other recent sales include a house with a land area of 1,517 sq ft that was sold on May 26 for $2.45 million ($1,615 psf) and another transaction on May 15, with a house that has a land area of 1,343 sq ft selling for approximately $2.17 million ($1,614 psf).