A beautiful two-storey bungalow located at 11 Whitley Road has recently been listed for tender. This highly coveted property is currently on the market for a guide price of $31.88 million. Spanning over an expansive freehold elevated site of 15,276.27 square feet, the guide price translates to $2,087 per square foot of land area.
Originally built in 2016, the bungalow has been renovated with a rear extension. Boasting five bedrooms, three of which are en suite, the house also boasts two living rooms, two dining rooms, a large well-equipped kitchen, and a helper’s room. The property is conveniently located near Novena MRT Station, only 700m away, and is in close proximity to shopping malls such as Velocity at Novena Square, Square 2, United Square, and Zhongshan Park.
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According to Aric Lim, associate district director at Huttons Asia, the exclusive marketing agent for the property, the land parcel can be subdivided to accommodate the development of eight terraced houses. Each site would range from 1,614 square feet to 2,389 square feet, with a potential gross floor area (GFA) of 21,528 square feet, subject to land betterment charges.
Lee Sze Teck, senior director of data analytics at Huttons Asia, notes that this is likely the largest plot of land available along Whitley Road. He also mentions that the asking price of $2,087 per square foot based on land is significantly lower compared to recent transactions of new semi-detached houses in the area, which have sold for more than $3,000 per square foot.
The tender for 11 Whitley Road will close on Feb 12, presenting a rare opportunity for potential buyers to own a grand bungalow in the desirable Whitley Road neighborhood. Don’t miss out on your chance to make this magnificent property your own. Contact Huttons Asia today for more information.