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A aboriginal semi-detached home with a built-up breadth of 4,479 sq ft and sitting on a acreage acreage breadth of 2,164 sq ft on Fernhill Crescent was awash for $6.3 million, according to a admonition lodged on April 5. The auction amount works out to $2,913 psf, according to Bruce Lye, managing accomplice of SRI5000, who brokered the sale.

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A 2,164 sq ft semi-detached abode with a built-up breadth of 4,479 sq ft was afresh awash for $6.3 actor ($2,913 psf)

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The semi-detached abode is allotment of two pairs of semi-detached houses by alcove developer Fernhill Development, and they were advised by award-winning architectural close HYLA Architects. The amount of the abode was initially tagged at $7.5 million, based on the appraisal of a acreage adviser in January. The developer was accommodating to acquire the action of $6.3 actor because it “felt it was a fair price, accustomed the accepted bazaar sentiment” and that it was the aboriginal amid the four semi-detached houses for sale, according to Lye.

The built-up breadth for the added three houses are from 4,813 to 5,600 sq ft, with acreage breadth of 2,154 to 2,615 sq ft. The houses are tagged at $7.8 actor to $8.6 million. Negotiations are underway for two of the added semi-detached houses, says Lye.

Fernhill Development purchased the 9,084 sq ft acreage in May 2013 for $18 million. At that time, there was an old bungalow sitting on the site. The developer after burst the acreage and sub-divided the armpit for the development of the four semi-detached houses. An estimated $8 actor was spent on the architecture and architecture of the houses. The developer has additionally affianced acclaimed autogenous designers SuMisura and ID Dept to accouter two of the houses.

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The Fernhill acreage is accepted with Singaporeans who aspire to own a landed home in prime District 10, amid in the around of the Good Class Bungalow acreage of Nassim and Dalvey Estate, area bungalows are priced from $26 million.

Despite the acreage cooling measures and abrasion economy, affairs absorption for affection landed homes, abnormally those on prime acreage sites, continues to be strong, says Lye.

 

Looking for landed backdrop at Fernhill Crescent and adjacent projects? Click here

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This commodity appeared in the City & Country, Issue 725 (April 25, 2016) of The Edge Singapore. 

 

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