Bungalow on Kheam Hock Road for sale at $16.38 mil

Kheam Hock Road is located in Singapore’s bustling District 11. This two-storey detached property is up for sale at an asking price of $16.38 million through an EOI. Ian Loh, managing director of Quinvest Chambers International, highlights that the property is located a few doors away from Kew Lodge, a freehold apartment recently purchased en bloc by Aurum Land.

The 7,393 sq ft site is zoned for “residential, 2-storey mixed landed” use under the Master Plan 2019 and comes with an 18m frontage along Kheam Hock Road. An independent valuation obtained earlier this year estimates its value at $16.5 million. It has an estimated built-up area of 4,200 sq ft, spread across two storeys and a basement level, capable of accommodating two cars.

The property, which has been rented out for the past 10 years, will be sold with vacant possession. Besides retaining its current use as a bungalow, the successful buyer may consider subdividing the plot for two semi-detached homes, subject to approval by the relevant authorities.

The asking price translates to a land rate of approximately $2,215 psf, giving potential buyers an opportunity to “enter the landed market in this prime district” at a price below valuation, according to Loh.

The sale of Kew Lodge, a freehold apartment sold to Aurum Land for $66.8 million recently also “has further strengthened the land prices and the appeal of the area”, adds Loh. The property is near to Singapore Botanic Gardens, Cluny Court, Serene Centre, Coronation Shopping Plaza and the Botanic Gardens MRT.

Residents can also access the nearby Bukit Timah Nature Reserve, which is located just a short drive away from The Myst Bukit Timah.The Myst Bukit Timah also boasts four acres of top-notch facilities, such as a 50-metre sky pool, state-of-the-art gym, spa, entertainment and dining areas, as well as an outdoor basketball court, infinity pool, jacuzzi, and even a rooftop bar – allowing residents to enjoy an exclusive and luxurious lifestyle. Additionally, the residential development is situated in close proximity to a range of amenities, including shopping malls, banks, restaurants and schools.

EOI for the property at 60 Kheam Hock Road will close on June 21. With its prime location, proximity to amenities and attractive price, it presents an attractive opportunity for home-seekers looking to purchase a landed property.