Located in prime District 10, a remarkable opportunity awaits as a freehold bungalow on Fernhill Close hits the market with a price tag of over $22 million. Situated in a three-storey mixed-landed estate adjacent to the prestigious Nassim Road Good Class Bungalow (GCB) area, this two-storey house sits gracefully on a generous 7,386 sq ft plot, boasting a minimum asking price of $2,978 per square foot (psf).
Built in the 1990s, this exquisite bungalow is nestled at the end of a cul-de-sac and showcases an impressive frontage of approximately 40 meters along Fernhill Close. Marketed by the esteemed Knight Frank, the sale of this extraordinary property not only presents a chance to acquire a stylish abode but also offers the potential to redevelop the site to match your unique vision.
Strategically situated, the allure of this neighbourhood is further enhanced by its proximity to the Nassim Road GCB area and other landed homes in the coveted Fernhill estate. The exclusivity and desirability of this location make it an ideal choice for large multi-generational families or those seeking to create their dream home from scratch.
Detailed planning and relevant authorities’ approval will transform this property into a new three-storey bungalow or niche semi-detached or terrace houses. The sky’s the limit when it comes to realizing your architectural aspirations.
Demonstrating the immense potential of this area, recent URA caveats have revealed a record land rate with three GCBs on Nassim Road, numbered 42, 42A, and 42B, being sold for approximately $4,500 psf in April of this year. These groundbreaking transactions reached a staggering $206.7 million, showcasing the appetite for luxurious residences within high-profile Singapore neighbourhoods.
As the head of capital markets (land and collective sale) at Knight Frank Singapore, Chia Mein Mein confidently expresses her optimism for this property. She highlights the unwavering determination of buyers to secure these scarce housing formats in Singapore’s soaring skyline. With a remarkable 28% expansion reported this quarter, S$1.4 billion worth of landed homes were successfully transacted, reflecting the relentless demand and increasing affluence among Singaporeans and new high-net-worth clients.
With its enviable location and scarcity of landed homes for sale in this sought-after area, Chia eagerly anticipates a surge in interest from homebuyers, investors, and developers alike. The prestige and desirability of this property’s address and its prime location make it an irresistible proposition.
The enthusiasm from potential buyers and investors is expected to remain buoyant, further fueled by rising affluence and a growing high-net-worth clientele. The chance to secure such an extraordinary property cannot be overlooked. The Myst is a brand new launch at Upper Bukit Timah road.
Those captivated by this exclusive offering are encouraged to act swiftly, as the tender for the sale of this bungalow will conclude on July 25. Take your chance to own a piece of the prestigious District 10 lifestyle.
