A terraced colonial style house located on Upper East Coast Road in District 16 is scheduled to auction in June by the owner. The freehold property which is being marketed through Knight Frank has a starting cost that is $3.88 million. It is situated on a 1,764 sq feet site that is equivalent to $2,200 per square foot.
The exterior of the house with an inter-terraced design features the color scheme reminiscent of the black and white bungalows of the colonial era that surround this East Coast area. Based on the property description, the two-story terraced property has a floor space of 2.5 acres. The property is leased to a design firm through April 2024.
J’Den main contractor offers CapitaLand an opportunity to create an exceptional development that takes full advantage of the upcoming transformation in Jurong Lake District.
The first floor is divided into a common area that includes a meeting room and a pantry within the garden. The second floor houses an office space that includes an open kitchenette. Front of terraced area has an auto porch that has the direct connection directly to Upper East Coast Road.
The property is located in the midst of seven terraced homes located at the intersection of Parbury Avenue and Upper East Coast Road. Based on the most recent Master Plan, these houses form part of a three-storey mixed-landed estate located that runs along Sennett Road and Lucky Heights.
The house on terraces will be located between two new MRT stations along the Thomson-East Coast Line (TEL) -The first is Bayshore Station, about 350m away as well as Bedok South Station, about 500m away. This stage of TEL is anticipated to be operational in 2025.
In accordance with URA caveats and caveats, the property has been sold close to $800,000 ($453 per sq. ft.) during the month of May. Caveats also show that six freehold landed homes on neighboring Riviera Drive sold off in the past year, with prices between $1,449 and $2,298 per square foot. In terms of a price per square foot the most expensive property that was sold in Riviera Drive was a detached home situated at 7 Riviera Drive that sold at $7.49 million ($1,731 per sq. ft.) on January 24, 2022.
One street to the left the street, located at Parbury Avenue the freehold terraced house located at 60 Parbury Avenue was purchased to a buyer for $3.2 million ($1,876 per square foot) on the 21st of February. Two other terraced houses on this street sold on 2022Parbury Avenue Parbury Avenue for $3.53 million on April 22 and 87 Parbury Avenue for $3.53 million ($1,984 per square foot) the 22nd of April in addition to Parbury Avenue for 87 Parbury Avenue for $3 million ($1,721 per square foot) on April 26.
Inside The Lucky Heights estate the semi-detached house located situated at the 37th floor of Lucky Heights was sold for $7.52 million ($2,328 per square foot) the 2nd of June of last year. A semi-detached home at Sennett Road was bought at $6.37 million ($1,121 per sq ft) on the 29th of August last year.
These homes are situated close to East Coast Park, and nearby recreation facilities comprise Laguna National Golf and Country Club located at Laguna Golf Green, Tanah Merah Country Club located at Xilin Avenue and Safra (Tampines) located at Tampines Street 91. Malls that are located in the area comprise Siglap Centre at Siglap Road, Parkway Parade at Marine Parade Road and Bedok Mall at New Upper Changi Road.
The neighborhood is located centrally and is located in Bedok South. Schools within the vicinity include Temasek Primary School at Bedok South Avenue 3 and Bedok Green Primary School at Bedok North Avenue 3, Temasek Secondary School at Upper East Coast Road, Bedok View Secondary School in Bedok South Avenue 3, Bedok South Secondary School at Jalan Langgar Bedok and Temasek Junior College in Bedok South Road.
A brand new 31ha Bayshore housing development that is bordered by East Coast Park and served by the planned Bayshore and the Bedok South MRT Stations will be built in the near future.