Improve the Property Description for SRI’s March 15 Auction
A 3,034 sq ft corner plot of land in Kew Heights, District 16 will be up for auction on March 15. The property is a three-storey, 99-year leasehold semi-detached house with a guide price of $3.65 million. This translates to a land rate of $1,203 psf.
This mortgagee sale presents a rare opportunity to acquire a unique property that has never been previously offered for sale at an auction. The house will be sold with vacant possession, offering a chance for the new owner to create their dream home.
With a total floor area of 4,436 sq ft, this spacious property is spread across three levels. The ground floor features a living hall with a double-volume ceiling, an adjoining dining area, a kitchen and a helper’s room. The upper two levels consist of six bedrooms, a family area and a storeroom. The house also boasts a car porch and backyard area.
Potential buyers will have the option to convert some of the open spaces into extra bedrooms, making this home ideal for extended or multi-generational families. Additionally, the property’s guide price of $1,203 psf is one of the lowest in the area, making it a highly attractive investment opportunity.
Recent transactions in the Kew Vale estate have demonstrated the growing popularity of 99-year leasehold landed properties. In February, a three-storey semi-detached house along Kew Heights was sold for $3.35 million ($1,398 psf), while a three-storey terraced house along Kew Drive changed hands for $3.26 million ($1,417 psf) in January.
The area is well-connected via major motorways such as East Coast Parkway (ECP) via Bayshore Road and will also be served by the upcoming Bedok South MRT Station along the Thomson-East Coast Line in 2H2026. Families with school-going children will also appreciate the proximity to various reputable schools, including Temasek Primary and Secondary Schools, Bedok South Secondary, and Bedok View Secondary.
In recent years, prices of 99-year leasehold, semi-detached properties in the Kew Vale estate have seen steady growth, with seven units being sold between 2023 and 2024 at an average land rate of $1,213 psf, up from $1,002 psf across seven transactions between 2021 and 2022.
Don’t miss this opportunity to own a piece of landed property in the highly sought-after Kew Vale estate. Register your interest today to find out more and arrange for a viewing.