Sticking to its first book price of $2.08 million, Braddell View property has set itself at the collective sale marketplace once again.
Size of this residential site Might Be a barrier to an effective sale
In 1.14 sq feet, this hilltop site overlooking MacRitchie Reservoir Park might have the benefit of this panorama it supplies but also the drawback of just being so big.
Programmers will inevitably associate how big this website to the dangers involved in getting it. It had been set up available in March this year however, the tender closed in May without the bids.
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The website’s lease started in 1978 and contains a 102-year tenure. Programmers might need to top up the rental to a new 99 decades and cover an estimated differential premium.
After depositing in the 7 percent balcony gross floor space, the property speed comes around about $1,159 psf ppr.
It’s now the biggest private home site in Singapore with 918 flats and 2 commercial components.
The positioning of the website, however, is prime. While not being from town center, its proximity to this is a plus.
The future evolution of this Bishan Sub-Regional Centre to a company hub will bring about fresh labour, raise rental yields and real estate values.
Amenities also abound at the older estates surrounding the website, together with all the Health City Novena and Mount Alvernia Hospital nearby.