5, 5A, 5B, 5C, 5D & 5E Chiltern Drive (Source: Huttons Asia)
A collection of 6 freehold, strata bungalows at 5, 5A, 5B, 5C, 5D and 5E Chiltern Drive is available for sale via Private Treaty. The indicative price is S$35.5 million, which translates to about $1,251 psf on the strata area.
These six detached houses are zoned for 2-storey bungalows. Each detached house has a strata area ranging from 4,542 sq ft to 4,962 sq ft and comes in either a 6-bedroom plus study or 5-bedroom plus study layout. The land size is 14,123 sq ft and the total strata area is 28,385 sq ft. Each house gets 2 parking lots and their own private pool. The houses were built in 2015 and are in good move-in condition. Currently, all six houses are tenanted out to mainly expat families.
According to Melvalyn Peck, Associate Senior Group District Director at Huttons Asia, this sale represents a rare opportunity to acquire a collection of all six freehold strata bungalows in the entire development namely Castello, located at the prime exclusive Braddell Heights Landed Estate in District 13. The nearby 99-year Chuan Park was en-bloc recently at a land rate of $1,203 psf ppr. The latest freehold strata-landed project, Belgravia Ace achieved an average selling price of almost $1,100 psf. Hence the asking price of $1,251 psf is very attractive. Furthermore, there is no ABSD payable for first time buyer as all the six bungalows are under a single title.
“The Lorong Chuan MRT station and Australian International School is a short walk away. NEX Shopping Mall, Junction 8 Shopping Centre & The Woodleigh Mall are a short drive away,” Ms Peck added.
“Buyers enjoy immediate rental returns as the houses are all leased out. The tight rental market will allow buyers to ride on this uptrend and enjoy potential upside,” Lee Sze Teck, Senior Director of Research at Huttons Asia concludes.
For further information, please contact:
Melvalyn Peck, Associate Senior Group District Director, Huttons Asia Tel: +65 9767 6611