Maisonette at Pine Grove selling for $2 mil
The device that will certainly be up for auction on Aug 31 is located on the 8th flooring and has a flooring location completing 1,668 sq ft, split across 2 levels.
A three-bedroom maisonette house at Pine Grove gets on the market with a guide cost of $2 million, or $1,199 psf, as a proprietor’s sale. Located off Ulu Pandan Road in District 21, Pine Grove is a 99-year leasehold condominium facility that was completed in 1984. A former HUDC advancement, the 660-unit task comprises numerous blocks spread across a website covering over 893,000 sq ft. The development was privatised in the mid-1990s.
The unit that will be up for auction on Aug 31 lies on the 8th flooring as well as has a floor area completing 1,668 sq ft, split throughout 2 degrees. “The system was remodelled around 5 years ago by the present proprietors,” states SRI Auction’s handling companion Mok Sze Sze, that is handling the public auction. Based upon cautions lodged, the system was formerly acquired for $1.05 million ($ 629 psf) in June 2016.
The living area of the property. The system was renovated 5 years earlier
Owners of units at Pine Grove have actually made a number of cumulative sale efforts in the past. When the growth was launched for en bloc sale at a get cost of $1.86 billion, the most current try was in 2019.
Facilities readily available at Pine Grove consist of a swimming pool, barbecue area, basketball court, tennis court, feature space, gym as well as a mini-mart. The condominium facility likewise has hassle-free access to the Ulu Pandan Park Connector, which runs along the Sungei Ulu Pandan Canal as well as is linked to the Ghim Moh, Clementi and also Sunset domestic estates.
The UOL-SingLand joint endeavor strategies to build a 520-unit residential project on the Parcel A site. According to the analysis on EdgeProp LandLens, the new growth could be launched at rates around $2,400 psf, presuming a developer profit markup of 15%.
Pine Grove is also located near 2 Government Land Sale (GLS) sites– Pine Grove Parcel An as well as Parcel B, both of which are 99-year leasehold websites. The tender for the previous was awarded in June this year to a 80:20 joint venture in between UOL Group and also Singapore Land Group (SingLand), which sent a bid of $671.5 million ($1,318 psf per plot proportion), directly beating second-highest prospective buyer Allgreen Properties by simply $800.
A three-bedroom maisonette apartment at Pine Grove is on the market with a guide rate of $2 million, or $1,199 psf, as an owner’s sale. Located off Ulu Pandan Road in District 21, Pine Grove is a 99-year leasehold condo complicated that was completed in 1984. A former HUDC advancement, the 660-unit job comprises numerous blocks spread out throughout a site extending over 893,000 sq ft. The development was privatised in the mid-1990s.
The lower floor features the kitchen area and eating location, while the upper level includes a spacious living location that likewise leads bent on a terrace. All the bedrooms lie on the upper floor, consisting of the master bedroom which comes with an en collection bathroom. This flooring additionally has a family room, utility room as well as solution porch.
Various other facilities nearby consist of Clementi Mall, Ghim Moh Market as well as Food Centre, and Holland Village, all of which are within a brief driving distance of Pine Grove. The property will certainly attract family members with school-going youngsters since it is near Henry Park Primary School, Pei Tong Primary School and Singapore Polytechnic.
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