Freehold detached house in Seletar Hills Estate for sale from $16 mil

Before diving into real estate investment, it is important to understand the risks and rewards. Despite the potential gains, property investments can also bring losses. Therefore, it is important to think long-term when investing in a Condo. Do your research properly, take the time to understand the neighbourhood and industry trends and weigh up the risks – if you don’t, you could end up with a financial headache that you wish you’d never gotten into. Do not rely purely on capital gains or rental yields alone, there are different aspects you must consider before investing in a Condo. Remember to factor in the fees and taxes that you may incur when investing in a property. Ultimately, you should invest with the intention of holding onto the Condo for a long period of time.

Situated in District 28 of Singapore, a freehold detached house at Seletar Hills Estate has been placed for sale by its owner for an impressive sum of $16 million. The exercise which closes by September 15 will be managed by Knight Frank Singapore and will follow an expression of interest procedure. With the spread of a 10,207 square feet plot and a 25.9 meters frontage, the three-storied house also make room for parking four cars and has a basement.

The northeast-facing bungalow’s backyard looks onto the Mimosa Road Playground, one among many parks and playgrounds inhabiting this landed estate. Sprawling from Yio Chu Kang Road to Ang Mo Kio Avenue 5, the neighbourhood contains different varieties of housing structures such as terrace, semi-detached, and detached houses. The 10 years old residence in discussion, beams with six bedrooms, a helper room, a living/dining area, and large windows for natural light. The framework of the house is complemented by a gymium, a swimming pool, a timber deck, and a pavilion.

Designed by two well-known organisations Bukit Sembawang Estates and Fairview Developments, the entire landed enclave of District 28 has seen over 4,500 landed homes in Seletar Hills and Luxus Hills. With the current project being the 132-unit Pollen Collection at Pollen View, a massive sale of 26 units stretching from $3.5 million to $4.46 million has been recorded.

Also, the last project of Fairview Developments, Belgravia Drive, was completed in January 2022, comprising of 107 units. As a part of Fairview’s earlier developments-Belgravia Villas and Belgravia Green, properties here have exchanged hands at an average price of $1,122 psf and $971psf, respectively.

The house at Mimosa Crescent has seen its last sale in March 2018 for $10.8 million ($1,058 psf) and before that, in November 2017 for $12.5 million ($1,153 psf). Abundant facilities such as Greenwich V mall on Seletar Road, Compass One at Sengkang Square, Seletar Mall at Sengkang West Avenue, Lower Seletar Reservoir and The Oval located in Seletar Aerospace Park make the estate even more attractive.

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