Archive for category: Misc

For more details, visit Edmund Tie’s auction website.A freehold two-storey semi-detached house located along Jalan Belibas, off Upper Thomson Road in District 20, will up for sale at a public auction arranged by Edmund Tie on 25th October. This is an owner’s sale, with a guide price of $7.2 million (about $2,123 psf).

According to Joy Tan, the Head of Auction and Sales at Edmund Tie, buyers can be a mix of owner-occupiers who may consider doing additions and alterations to the property instead of redeveloping or, alternatively, developers that plan on redeveloping the property.

The house has a frontage of 12.5m and sits on a freehold, rectangular plot, with a total land area of 3,391 sq ft and a built-up area of 3,200 sq ft, subject to final survey. The property is within a cul-de-sac, giving its occupants privacy and serenity

On the first level, there is a car porch and a garden outside the house. Inside, you’ll find a granny’s room, a living or dining room and a home office. The enclosed kitchen comes with a storeroom, extending to the open kitchen and yard area. The second level houses a master bedroom with an en suite bathroom, three bedrooms, and a common bathroom.

The property is located within the Thomson Park neighbourhood and is currently tenanted. However, the lease will expire in November, and the house will be sold with vacant possession.

The land is zoned for a two-storey semi-detached house under the Urban Redevelopment Authority (URA) 2019 Masterplan. On top of that, the house is also within walking distance of the Upper Thomson MRT Station on the Thomson-East Coast Line, Thomson Plaza and restaurants along Upper Thomson Road.

Located near the Tampines North MRT Condo, potential homebuyers and investors can enjoy hassle-free accessibility to the central business district, Marina Bay, Sentosa, and other key destinations. With the East-West Line, the Downtown Line, and the LRT in the vicinity, residents of Tampines Ave11 Condo can expect to reach their desired destinations in no time.

This is the property’s first auction, having been purchased in 2012 for about $3 million. Based on URA caveats lodged, four freehold houses in Thomson Park changed hands this year, with resale prices ranging from $3.5 million to $4.6 million ($2,091 psf to $1,882 psf). On average, properties at Thomson Park resell for $2,219 psf with rental prices ranging from $1.80 psf per month (pm) to $4.20 psf pm, providing an implied rental yield of around 1.4%.

This two-storey semi-detached house located in Upper Thomson Road is a rare opportunity available in today’s market. With the proximity to MRT, Thomson Plaza and other amenities, the property offers a mix of owner-occupiers and developers looking for redevelopment, addition and alteration options. With a guide price of $7.2 million, it is a property worth considering.