Freehold bungalow in Braddell Heights for sale at $23 mil

December 19, 2022


The single-storey bungalow sits on an elevated site measuring about 15,705 sq ft (Picture: PropNex)

A freehold single-storey bungalow along Clifton Vale, off Braddell Road in District 13, has been launched for sale via tender, according to a press release by marketing agent PropNex Realty. The property has an indicative price of $23 million, which works out to $1,465 psf on the land area.

The detached house sits on an elevated site measuring about 15,705 sq ft. It is within an area designated for two-storey bungalow landed housing within the Braddell Heights mixed-landed estate, in the northeast region of Singapore, adds PropNex.

Henry Benjamin Lim, head of Good Class Bungalows and Prestige Landed at PropNex, notes that landed homes on Clifton Vale are tightly-held. “There have only been five transactions done since 2012 - with three deals sealed in 2021 and none this year.”


Resale transactions along Clifton Vale (Source: EdgeProp Research)

He anticipates the property to see keen interest from both owner-occupiers and developers looking to redevelop the site for sale. The site can potentially be subdivided into three plots of about 5,200 sq ft each, subject to obtaining the relevant approvals. “We expect developers to be keen on this site for redevelopment in view of the limited supply of brand-new detached houses in the area and growing demand for larger homes among families,” Lim adds.

More at: https://www.edgeprop.sg/property-new...ts-sale-23-mil