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 expanded in recent times. According to URA Realis, 7 semi-detached homes were offered in 2023 and 2024 at a standard land rate of $1,213 psf. This is up from the average land price of $1,002 psf throughout seven transactions at the estate in between 2021 and 2022.
A 99-year leasehold semi-detached residence will show on the block at SRI’s coming auction on March 15 with a guide cost of $3.65 million. The three-storey real estate occupies a 3,034 sq ft corner plot on Kew Heights in District 16. The $3.65 million price tag shows a land rate of $1,203 psf.
Numerous institutions are also located close to the property up for auction, including Temasek Primary and Secondary Schools, Bedok South Secondary and Bedok View Secondary.
The various transaction was the sale of a three-storey terraced house taking up a 2,300 sq ft plot along Kew Drive. The property altered hands for $3.26 million ($1,417 psf) in January.
In 2024, two other 99-year leasehold landed residential properties within the Kew Vale estate were offered. The most recent 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 rate of $1,398 psf.
A mortgagee sale, this will be the first time that the residence will be marketed via auction. The house will be offered with unused possession.
According to Mok Sze Sze, managing associate of auctions and sales at SRI, potential purchasers may have the chance to switch some of the open areas into added bed rooms, making the property perfect for extended or multi-generational families.
The residence has a ground space of 4,436 sq ft over three floors. The ground level has a living hall with a double- volume ceiling, an adjacent dining area, a kitchen and a helper’s room. The upper two levels contain six bedrooms, a family spot and a storeroom. The house additionally consists of a car porch and a backyard area.
The location is located nearby primary motorways such as East Coast Parkway (ECP) via Bayshore Road and are going to be served by the upcoming Bedok South MRT Terminal around the Thompson-East Coast Line the moment it opens in 2H2026.
Mok includes that in terms of land cost, the real property’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).
