A two-storey bungalow located at 11 Whitley Road is now available for purchase through tender at a guide price of $31.88 million. The property, which sits on a freehold elevated site spanning 15,276.27 sq ft, is being offered at a rate of $2,087 psf based on the land area.
Originally built in 2016, the bungalow has been recently renovated with the addition of a rear extension. It boasts five bedrooms, including three with en suite bathrooms, and features two living rooms, two dining rooms, a spacious and well-equipped kitchen, as well as a helper’s room.
According to Aric Lim, the associate district director of Huttons Asia, the exclusive marketing agent for the property, the land parcel may be subdivided for the development of eight terraced houses. Each site would range from 1,614 sq ft to 2,389 sq ft, with a potential gross floor area (GFA) of 21,528 sq ft. However, this would be 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 on Whitley Road. He also highlights that the asking price of $2,087 psf based on land is highly competitive when compared to recent transactions of new semi-detached houses in the area, which have sold for over $3,000 psf.
The bungalow is conveniently located just 700m from the Novena MRT Station and is close to popular shopping malls such as Velocity at Novena Square, Square 2, United Square, and Zhongshan Park.
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The tender for 11 Whitley Road will close on Feb 12th.