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Four bungalows at Bournemouth Road up for collective sale by tender
Posted: 31 August 2009 1807 hrs
SINGAPORE : Four strata bungalows in Katong have been put up for collective sale by tender.
The bungalows are located at Bournemouth Road and are currently owned by three different subsidiary proprietors, who have banded together to sell collectively.
The price tag is set at a range of S$24 million to S$26 million.
Property consultant Credo Real Estate said in a statement that the price works out to between S$982 per square foot (psf) and S$1,064 psf over the land area.
"The entire plot is about 24,443 sf, making it one of the largest plots left in the Mountbatten/Goodman bungalow estate, as most other large plots have since been sub-divided over the years," said Karamjit Singh, managing director of Credo Real Estate.
He added that the offering was not a redevelopment site, as the bungalows are relatively new - less than 10 years old - and in good condition.
Each of the bungalows has a built-up area of about 4,200 square feet, although their strata areas are over 10,000 square feet.
The tender for the strata bungalows closes on October 8.
- CNA/al