Trustee sale of Chee Hoon Avenue bungalow for $27 mil

An opportunity to purchase a good class bungalow at 46 Chee Hoon Avenue, District 11’s Capitol Park estate has landed on the market with an expression of interest (EOI) exercise launched on Sept 14. Currently being sold with vacant possession and on an “as is where is” basis, the trustees of the property are expecting offers “in the region of $27 million”, which translates to $2,440 psf on the bungalow’s 11,064 sq ft land area.

Situated towards the end of a cul-de-sac and with a well-kept, two-storey detached house, the property is in move-in condition with little need for renovation. It also has a north-south orientation, with a frontage of 41m and a depth of up to 28m, allowing for ample space for a family to enjoy.

This prized address, located within the Chee Hoon Avenue Good Class Bungalow (GCB) area, is set within a low-density community with close proximity to a plethora of popular amenities. Within a 1km radius is Nanyang Primary School, whilst Singapore Chinese Girls’ School and Raffles Girls’ Primary School are within a 2km radius. The Singapore Botanic Gardens are only 600m away, whilst the Botanic Gardens MRT Interchange for the Downtown and Circle Lines is a mere 680m away.

Nicholas Ng, senior director at JLL comments of the GCB: “The property has a coveted address and is suited for families who appreciate living in a serene, low-density community with the convenience of many surrounding popular schools and amenities.”

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The EOI exercise for 46 Chee Hoon Avenue will close on Oct 19 at 12pm.

Latest sales transactions on Chee Hoon Avenue have demonstrated the desirability of the area, and the sale of this well-maintained property could be an attractive investment.