Three-storey semi-detached in Bedok South on the block for $3.65 mil

The house has a level space of 4,436 sq ft over three levels. The ground level has a living hall with a double- volume ceiling, an adjacent dining area, a kitchen and a helper’s room. The upper two levels include six rooms, a family area and a stockroom. The house also consists of a car porch and a backyard area.

According to Mok Sze Sze, regulating partner of auctions and sales at SRI, prospective investors might have the chance to change several of the open areas into additional rooms, making the property ideal for prolonged or multi-generational families.

A 99-year leasehold semi-detached residence will develop on the block at SRI’s upcoming auction on March 15 with a guide price of $3.65 million. The three-storey real estate takes up a 3,034 sq ft corner plot on Kew Heights in District 16. The $3.65 million price tag mirrors a land cost of $1,203 psf.

The area stands near major motorways such as East Coast Parkway (ECP) by means of Bayshore Road and are going to be offered by the upcoming Bedok South MRT Terminal along the Thompson-East Coast Line the second it opens up in 2H2026.

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Rates of 99-year leasehold, semi-detached real estates in the Kew Vale estate have actually grown in the last few years. According to URA Realis, 7 semi-detached residences were marketed in 2023 and 2024 at an average land rate of $1,213 psf. This is up from the average land price of $1,002 psf throughout seven deals at the estate between 2021 and 2022.

A mortgagee sale, this will be the first time that the real estate are going to be offered for sale using auction. The house will be shown with vacant possession.

The different deal was the sale of a three-storey terraced residence occupying a 2,300 sq ft plot around Kew Drive. The property changed hands for $3.26 million ($1,417 psf) in January.

Last year, two other 99-year leasehold landed residential properties within the Kew Vale estate were sold. The most current transaction was the sale of a three-storey semi-detached residence along Kew Heights for $3.35 million in February. It had a land area of 2,396 sq ft, reflecting a land rate of $1,398 psf.

A number of schools are also located near the property up for auction, including Temasek Primary and High Schools, Bedok South Secondary and Bedok View Secondary.

Mok adds that in terms of land price, the real property’s guide cost of $1,203 psf is one of the most affordable on offer in the area. URA caveats indicate that the property last altered hands in November 2021 for $3.19 million ($1,051 psf).