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Singapore, known for its bustling metropolis and impressive modern infrastructure, is home to a breathtaking skyline adorned with towering skyscrapers. A common sight in this city are condo developments, strategically placed in highly coveted locations, offering a seamless blend of luxury and convenience that appeals to both locals and expats alike. These exclusive properties come equipped with impeccable amenities such as swimming pools, gyms, and reliable security services, elevating the standard of living for its residents. Not surprisingly, they are highly sought after by potential buyers and tenants. For investors, the allure of these features can result in higher rental returns and a promising increase in property value over time. Condo developments truly epitomize the epitome of urban living in Singapore.
An exclusive bungalow in the prestigious Dalve Estate-Nassim Road enclave is currently on the market for sale through an expression of interest (EOI) exercise. The property is being marketed by Cushman & Wakefield with an estimated price of $60 million, translating to $2,742 per square foot (psf) for a land area of 21,881 sq ft.
Shaun Poh, the executive director of capital markets at Cushman & Wakefield, describes the freehold plot as being strategically located on elevated ground, making it ideal for redevelopment. He also mentions its appeal to potential buyers looking to build their dream multi-generational home or developers who could transform the plot into a luxurious, state-of-the-art Good Class Bungalow (GCB) for discerning individuals.
Positioned next to the renowned Singapore Botanic Gardens, the property offers easy access to the bustling Orchard Road shopping district. It is also in close proximity to top schools such as Singapore Chinese Girls’ School, Anglo-Chinese School (Primary), Nanyang Primary School, St Joseph’s Institution, and Hwa Chong Institution.
According to Poh, the Dalve Estate-Nassim Road enclave is highly sought after by ultra-high net worth individuals, as evident from recent transactions at Nassim Road and Tanglin Hill where record-breaking land rates of $4,500 psf and $6,200 psf were recorded respectively.
Interested parties can submit their bids for the property through the EOI exercise, which will close on 11 February at 3pm.