Three-storey semi-detached in Bedok South on the block for $3.65 mil
Costs of 99-year leasehold, semi-detached properties in the Kew Vale estate have actually expanded in recent times. According to URA Realis, seven semi-detached homes were marketed in 2023 and 2024 at an average land rate of $1,213 psf. This is up from the average land price of $1,002 psf throughout 7 deals at the estate in between 2021 and 2022.
The other purchase was the sale of a three-storey terraced residence taking up a 2,300 sq ft plot around Kew Drive. The property altered hands for $3.26 million ($1,417 psf) in January.
A number of colleges are also located close to the property up for public auction, including Temasek Primary and High Schools, Bedok South Secondary and Bedok View Secondary.
A 99-year leasehold semi-detached house will show on the block at SRI’s next auction on March 15 with a guide cost of $3.65 million. The three-storey property occupies a 3,034 sq ft corner plot on Kew Heights in District 16. The $3.65 million rate tag reflects a land rate of $1,203 psf.
A mortgagee sale, this will certainly be the first time that the property will be sold via auction. The house will be offered with uninhabited possession.
One Sophia CEL Development & Singhaiyi Group
According to Mok Sze Sze, managing associate of auctions and sales at SRI, prospective buyers might have the possibility to change several of the open areas into extra bed rooms, making the property ideal for prolonged or multi-generational families.
The area rises near primary motorways such as East Coast Parkway (ECP) by means of Bayshore Road and are going to be offered by the upcoming Bedok South MRT Terminal along the Thompson-East Coast Line the moment it opens up in 2H2026.
The residence has a floor space of 4,436 sq ft over three grounds. The ground level has a living hall with a double- volume ceiling, an adjoining dining area, a kitchen and a helper’s room. The upper two levels contain 6 bedrooms, a family spot and a stockroom. The property additionally includes a car porch and a backyard area.
Mok adds that in terms of land rate, the real estate’s guide rate of $1,203 psf is one of the most affordable available in the location. URA cautions indicate that the property last transformed hands in November 2021 for $3.19 million ($1,051 psf).
In 2024, 2 various other 99-year leasehold landed real estates within the Kew Vale estate were marketed. The most current deal was the sale of a three-storey semi-detached house near Kew Heights for $3.35 million in February. It had a land area of 2,396 sq ft, showing a land price of $1,398 psf.
