An opportunity has arisen to acquire a beautiful two-storey bungalow at 11 Whitley Road, now available for sale through a tender process with a guide price of $31.88 million. This stunning property boasts a freehold elevated site of 15,276.27 sq ft, making it a highly desirable investment opportunity. With a guide price of $2,087 psf on the land area, this property is an excellent value for its prime location.
Originally built in 2016, the bungalow has been recently refurbished with the addition of a rear extension. It features five spacious bedrooms, three of which are en suite, as well as two living rooms, two dining rooms, a large well-equipped kitchen, and a helper’s room. This property offers luxurious living with ample space for families of any size.
Additionally, this freehold land parcel has the potential to be subdivided for the development of eight terraced houses. Each site would range from 1,614 sq ft to 2,389 sq ft, with a potential gross floor area (GFA) of 21,528 sq ft, subject to land betterment charges. Aric Lim, associate district director of Huttons Asia, the exclusive marketing agent for the property, believes this presents a unique opportunity for investors.
According to Lee Sze Teck, senior director of data analytics at Huttons Asia, this is the largest plot of land currently available on Whitley Road. He also notes that the asking price of $2,087 psf based on land is highly competitive when compared to recent transactions of new semi-detached houses along Whitley Road, which have sold for over $3,000 psf.
Conveniently located only 700m from the Novena MRT Station and in close proximity to popular shopping hubs such as Velocity at Novena Square, Square 2, United Square, and Zhongshan Park, this bungalow offers both exclusivity and accessibility.
The tender for 11 Whitley Road will close on Feb 12, providing a limited opportunity to secure this prestigious property. Don’t miss the chance to own this majestic bungalow on elevated ground off Meyer Road for sale at $23 million. Contact the exclusive marketing agent for further details and to schedule a viewing.