Yahoo Finance Detached house in Serangoon Gardens going for $11.5 mil
A single-storey detached house at 18/20 Berwick Drive in Serangoon Gardens has been put up for sale, announced marketing agent Savills Singapore. The 999-year leasehold property is on the market for $11.5 million, which translates to $1,085 psf on the land area.
The single-storey house occupies two plots, and could be redeveloped up to two-storeys (Picture: Savills Singapore)
Occupying a combined land area of 10,602 sq ft, the house sits on two adjoining lots with a 33m frontage along Berwick Drive. The property is nestled within the Serangoon Gardens enclave in District 19, which typically comprises freehold and 999-year tenure landed houses. It is in a site zoned for two-storey mixed landed residential use under the 2014 Master Plan. The site can be redeveloped into a pair of detached houses, two pairs of semi-detached houses, or a combination of both housing types, subject to approvals.
The supply of landed plots in well-established residential neighbourhoods is becoming increasingly rare, and there is also a limited supply of landed conventional housing in the pipeline, says Suzie Mok, senior director of investment sales at Savills Singapore.
The tender closes on Nov 15.
See Also:
Singapore Property for Sale & Rent, Latest Property News, Advanced Analytics Tools
Co-working operator JustCo announces new senior management appointments
En Bloc Calculator, Find Out If Your Condo Will Be The Next en-bloc
