A two-storey bungalow located at 11 Whitley Road has recently been put on the market for sale through tender at a guide price of $31.88 million. This freehold property boasts a prime elevated site measuring 15,276.27 sq ft, making the guide price equivalent to $2,087 psf on the land area.
Originally built in 2016, the bungalow has since undergone a complete transformation with a rear extension added. It now boasts five spacious bedrooms, three of which are en suite, along with two living rooms, two dining areas, and a well-equipped kitchen. A helper’s room is also included.
What makes this property even more attractive is its potential for subdivision. The land parcel could potentially accommodate eight terraced houses, with each site ranging from 1,614 sq ft to 2,389 sq ft. According to Aric Lim, associate district director of Huttons Asia, the exclusive marketing agent for the property, the gross floor area (GFA) for redevelopment could reach up to 21,528 sq ft, subject to land betterment charges.
Lee Sze Teck, senior director of data analytics at Huttons Asia, notes that this is one of the largest plots of land available on Whitley Road. He also adds that the guide price of $2,087 psf based on land is highly competitive compared to recent transactions of new semi-detached houses in the area, which have been sold for above $3,000 psf.
Conveniently located, the property is only 700m away from Novena MRT Station and in close proximity to popular malls such as Velocity at Novena Square, Square 2, United Square, and Zhongshan Park.
Interested parties can submit their bids for 11 Whitley Road until February 12. Don’t miss this opportunity to own a prestigious property in a prime location.