Nestled in a vibrant three-storey mixed landed zone, this bungalow presents a unique opportunity for both immediate occupancy and future development. With a land area of 7,491 square feet and a generous living space of 5,336 square feet, the property offers an expansive canvas for customization and potential enhancements.
The bungalow’s strategic positioning within this mixed-use environment allows for the possibility of adding a third storey or redeveloping the site into two semi-detached homes, catering to evolving lifestyle needs and investment strategies.
The zoning regulations in place provide a favorable framework for prospective buyers, ensuring both flexibility and compliance for various development plans. This makes the property particularly appealing to a wide range of buyers, from those looking for a spacious family home to investors seeking a long-term asset.
The rare corner freehold status enhances its attractiveness, especially in a market where the supply of detached houses is limited, with only approximately 10,849 units available in Singapore. Such scarcity elevates the property’s value and potential for appreciation.
The bungalow’s elevated position contributes significantly to its desirability. Nestled on a corner lot, it boasts unblockable views and privacy, allowing residents to enjoy a tranquil living environment while remaining connected to the vibrancy of the neighborhood.
This unique advantage not only enhances the daily living experience but also represents a potential selling point for future development or resale.
The current market conditions further underscore the appeal of this property. As urbanization continues to reshape residential landscapes, the demand for versatile properties that can adapt to various needs is on the rise.
This bungalow’s potential for expansion or redevelopment aligns well with current trends, making it an attractive option for buyers with a vision for the future. The prospect of transforming the existing structure or maximizing the land’s potential through development offers significant opportunities for growth.
Investors and homeowners alike will find value in the flexible possibilities this bungalow presents. The combination of its size, location, and zoning options creates a compelling case for immediate occupancy while keeping future development in mind.
As urban centers continue to evolve, properties like this one are increasingly rare, making them highly sought after.
For $11.18 million, or $1,492 per square foot, this bungalow stands as a testament to the potential that lies within the mixed landed zone. It invites buyers to consider not just the comforts of today but also the possibilities of tomorrow.
Whether for personal use or investment, this property offers a unique blend of lifestyle and opportunity, poised to make a significant impact in the ever-changing real estate landscape of Singapore.
NEW CONDO LAUNCH: SOPHIA MEADOW
Discover the newly launched Sophia Meadow, a modern condominium project that caters to families and young professionals.
Offering a variety of unit types, the Sophia Meadow Project Information highlights its comprehensive amenities including a swimming pool and fitness center.
Conveniently located near reputable schools and public transport, Sophia Meadow ensures easy access to key city areas.
With competitive pricing and attractive financing options, the Sophia Meadow for sale appeals to first-time homebuyers and investors.
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News Source: Edgeprop
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