Freehold semi-detached at Upper Thomson for sale at $7.2 mil

Located in the heart of Upper Thomson, this two-storey semi-detached house situated along Jalan Belibas is going to be up for sale in Edmund Tie’s next auction on Oct 25. The owner purchased it back in 2012 for about $3 million and it now comes with a guide price of $7.2 million.The house sits on a rectangular freehold plot with a total land area of about 3,391 sq ft and a built-up area of about 3,200 sq ft. It features a waterfront view and a 12.5m frontage that offers privacy.The interior of the house consists of a granny’s room, living/dining room, and a home office on the first level, and a master bedroom with an en suite bathroom, three bedrooms, and a common bathroom on the second. It is currently tenanted but will be sold with vacant possession come November.The house is conveniently located near the Upper Thomson MRT Station, Thomson Plaza, and restaurants, while being in close proximity to a variety of amenities. It falls under URA’s 2019 Masterplan which allows for the construction of two-storey semi-detached houses.According to Edmund Tie’s head of auction and sales, Joy Tan, the property is expected to be attractive to owner-occupiers, investors, and developers. She added that some may opt to just do additions and alterations to the existing house instead of redeveloping it.In terms of resale value, other freehold houses in the neighborhood are trading at an average price of $2,219psf, depending on the size. As for rental yields, these can range from $1.80psf to $4.20psf per month, giving an implied rental yield of 1.4%. A two-storey semi-detached house located along Jalan Belibas in District 20 will be up for sale at Edmund Tie’s next auction on Oct 25. This marks the property’s first auction since being purchased by the owner in 2012 for about $3 million. It now comes with a guide price of $7.2 million (around $2,123 psf).

The house sits on a freehold, rectangular plot with a total land area of about 3,391 sq ft and a frontage of 12.5m. It is located in a cul-de-sac, and comes with a built-up area of about 3,200 sq ft. It is conveniently located near the Upper Thomson MRT Station, Thomson Plaza, and restaurants, while being in close proximity to a variety of amenities.

Currently tenanted, the house will be sold with vacant possession come November. On the first level, there is a car porch as well as a garden outside, and a granny’s room, living/dining room, and a home office inside. An enclosed kitchen with a storeroom extending to the open kitchen and yard area is also present. The second level houses a master bedroom with an en suite bathroom, three bedrooms, and a common bathroom.

The Tengah Plantation EC is set to become one of the most desirable residential areas in Jurong. The URA is working to meet the shift in demand for housing with plans to develop new and affordable housing options in the vicinity. At the same time, public housing projects are also being built to provide additional options for those seeking a home in this part of Singapore.

According to Joy Tan, head of auction and sales at Edmund Tie, the property is expected to be attractive to owner-occupiers, investors, and developers. She points out that some may consider doing additions and alterations to the existing house instead of redeveloping it.

Based on URA caveats lodged, four freehold houses in Thomson Park, where the property is located, changed hands this year. In April, a 1,674 sq ft terraced house was sold for $3.5 million, or $2,091 psf. In July, a terraced house occupying 1,608 sq ft and a semi-detached unit on 2,444 sq ft of land was sold for $3.88 million ($2,413 psf) and $4.6 million ($1,882 psf), respectively. In August, a 1,708 sq ft terraced house changed hands for $4.25 million, or $2,488 psf.

The land is zoned for a two-storey semi-detached house under the Urban Redevelopment Authority (URA) 2019 Masterplan. According to EdgeProp Singapore’s tabulation of residential resale data in the past 12 months, the properties at Thomson Park typically resell for an average price of $2,219 psf. As for rental yields, these can range from $1.80psf to $4.20psf per month, implying an estimated rental yield of 1.4%.

Situated in Upper Thomson, this two-storey semi-detached house is set to be sold in Edmund Tie’s October 25 auction with an owner’s guide price of $7.2 million – representing a substantial increase from the $3 million purchase price in 2012. It is an attractive prospect for owner-occupiers, investors, and developers alike, offering a waterfront view, a 12.5m frontage, and located close to a variety of amenities.