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Because it demonstrates the high demand for landed properties in Singapore’s most desirable residential neighborhoods, the sale of a two-story, freehold semi-detached home on Sime Road in the exclusive District 11 for a suggested price of S$13.8 million is significant. In addition to being a property, this offer represents a unique opportunity to invest in one of the city-state’s most closely guarded and consistently valuable residential neighborhoods. This property is expected to draw affluent individuals and long-standing families looking to leave a legacy in a market where there isn’t much fresh land for sale and owning freehold land is still the finest way to display generational wealth.
Based on the estimated land area of 6,042 square feet, the recommended price of S$13.8 million works out to around S$2,284 per square foot (PSF). This PSF assessment puts the property firmly in the top tier of the Bukit Timah-Novena region. This is because the freehold title, large land size, and desirable District 11 location all make the site more valuable. The value argument for the potential buyer is not in the current building, but in the possibility of maximizing the land’s usefulness via redevelopment or considerable addition and modification (A&A), which would let them make their dream house permanent.
The Unrepeatable Value of District 11 Freehold Land
The most compelling driver of the S$13.8 million guide price is the asset’s freehold tenure in District 11. Singapore’s government has made it very hard to turn private land into freehold land. This means that buying such homes is like investing in land whose value will never go down. Rich families in the region are particularly interested in this since their primary business aim is to pass on their money from one generation to another. Unlike leasehold houses, a freehold property on Sime Road provides complete assurance and control over the asset’s destiny.
The 6,042 square feet of land is unusually large for a semi-detached house. This huge size makes it possible to build a big, contemporary home that meets the Master Plan’s gross floor area (GFA) specifications and often has a bigger footprint than the original two-story building. Architects and homeowners may develop an underground garage, home gym, enormous pool, and many living levels on this plot. This is impossible on smaller areas. Whoever wishes to maximize the site’s potential at this famous area may start afresh with the present building. When a homeowner files an EOI, they want to sell their home. They expect a lot of offers, maybe even more than S$13.8 million, because the land is privately owned, it’s big, and it’s in a great spot in District 11. Land prices don’t change often, and there aren’t many new homes on the market. Because of this, the Sime Road sale is likely to cause land prices to rise in Singapore’s richest places.
Strategic Location and Lifestyle Magnetism
Sime Road’s quiet residential setting belies its exceptional connectivity. The location offers a crucial balance between seclusion and accessibility, positioning it perfectly to benefit from surrounding infrastructure.
The towns of Novena and Orchard Road are close by. This makes it easier to get to great medical care, shops, and bars. Many excellent primary and secondary schools make the neighborhood a terrific location to study. Because parents need to be close to good schools, all of these great property areas become more valuable.
The Downtown Line and the Thomson-East Coast Line both stop at Stevens MRT Station, making public transportation easy to use. The dual-line link makes the home even more useful and beautiful by making it easier to get to the CBD and Marina Bay. It costs S$13.8 million to buy an address that is important for both career and family success.
The Buyer Profile and Market Outlook
The people who buy this semi-detached house on Sime Road are mostly rich Singaporeans who live nearby. They are usually the owner of a successful business or a family with more than one generation. A statement house is one of the things they look for as a way to show off their wealth and give their family a place to live. They don’t see it as an investment; instead, they see it as a long-term business that depends more on the land’s value than on changes in interest rates.
Due to its Expression of Interest sale, many individuals will covet the residence. They expect customers to pay more than the S$13.8 million suggested price since the property has a private title, a lot of acreage, and an excellent District 11 location. The Sime Road auction is expected to be substantial, confirming rising land values in Singapore’s best areas. This is because of strict rules on building new homes, and the prices of land stay high.
