31 Jan '13, 2am

Prime bungalows up for sale: By Romesh Navaratnarajah: Three freehold bungal... property market

Three freehold bungalows at Meyer Road, Holland Rise GCB Area and Dunearn Road have been put up for sale, said marketing agent Knight Frank. The Meyer Road property sits on approximately 25,525 sq ft of land and is expected to be sold “in the region of S$33 million to S$37 million”, or S$1,293 to S$1,450 psf. “We expect strong interest in this property, given its strategic location along the prime Meyer Road belt as well as its redevelopment potential,” said Mary Sai, Executive Director for Investment at Knight Frank. “Meyer Road is traditionally a popular residential area among both home buyers and investors. This is a rare offering as the property appeals to a mix of home buyers, investors and developers. A home buyer can redevelop this site into an exclusive dream home for his family, or build two bungalows to house his extended family. The developer can redevelop the s...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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