Hakka association selling 13 semi-detached houses at Bt Timah with S$38m guide price
Singapore
FONG Yun Thai Association, an umbrella body for three Hakka clans in Singapore, is looking to collectively sell 13 semi-detached houses at 11 Holland Link with an indicative price of S$38 million.
The expression of interest exercise for these houses at Eleven @ Holland will close at 4pm on Jan 17, 2020, said marketing agent WTG Property.
Chai Chin Yun, marketing director of WTG Property told The Business Times on Wednesday that the guide price works out to an average asking price of about S$767 per square foot, or S$2.93 million for each house, which has a built-up area ranging from 3,692 sq ft to 4,348 sq ft.
Each semi-detached house has three storeys, plus an attic and a basement that can accommodate two private parking lots. There are a total of five ensuite bedrooms with private lift access to every floor.
Currently, most of the houses in this portfolio have been tenanted out, and the sale will be with its existing tenancy.
As this is a landed project, it is only available for purchase by Singaporeans, WTG Property noted.
The 99-year leasehold cluster landed housing project, which was completed in November 2014, consists of a total of 82 semi-detached houses. Located along Holland Link Road in prime District 10, the project is also a short drive away from local and international schools.
WTG Property added that the Urban Redevelopment Authority's Master Plan 2019 has formalised the future Holland Plain developments, which will be mainly low-rise residential developments with green corridors that complement the surroundings of this project. Added Mr Chai: "A semi-detached house in District 10 below S$3 million is very attractive. With ready tenancy, high net worth Singaporeans looking to diversify their investment portfolio could consider this."
