A charming two-storey bungalow is now available for sale at 11 Whitley Road. This freehold property is situated on an elevated site of 15,276.27 sq ft and is being offered at a guide price of $31.88 million. This equates to a price of $2,087 per square foot (psf) on the land area.
Originally built in 2016, the bungalow has been renovated and features a rear extension. It boasts five spacious bedrooms, three of which are en suite. The house also includes two living rooms, two dining rooms, a large well-equipped kitchen, and a helper’s room.
The property’s land parcel has the potential to be subdivided for the development of eight terraced houses, with each site ranging from 1,614 sq ft to 2,389 sq ft. The gross floor area (GFA) for the redevelopment could reach up to 21,528 sq ft, pending land betterment charges. Aric Lim, associate district director of Huttons Asia, the exclusive marketing agent for the property, highlights this opportunity for potential buyers.
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According to Lee Sze Teck, senior director of data analytics at Huttons Asia, this is the largest plot of land available along Whitley Road. He also notes that the guide price of $2,087 psf, based on land, is highly competitive compared to recent transactions of new semi-detached houses in the area, which have sold for over $3,000 psf.
The location of 11 Whitley Road offers convenience and accessibility, with the Novena MRT Station just 700m away. Residents can also enjoy proximity to popular shopping destinations like Velocity at Novena Square, Square 2, United Square, and Zhongshan Park.
Interested buyers can submit their tenders for 11 Whitley Road until February 12. Don’t miss the chance to own this magnificent bungalow in a sought-after location.