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Victoria Park Villas set to relaunch its balance units from $3.97m. OTP to be issued on 15/July to be to be entitled to this special discount structure. The initial price in the first launch in 2016 ranges from $4.3xm to $7.6m. In more ideal market condition, such houses could probably sell for about $6 million as reported in straits time.
About Victoria Park Villas
This development consists of 106 semi detached and 3 bungalows sitting on a pretty huge site of 403,000sf land in a landed enclave surrounded with numerous Good class bungalows (GCBs). The sizes of each semi detached ranges from 4,176 to 4,327sf and now priced from $3.97 million onwards.
There are 3 bungalows, 6 semi detached with pool villas and also other units with garden villas. TOP expected to be in 2018.
Victoria Park Villas Land Bid Details
Developer Capitaland won this land site with a top bid of $908psf in 2013 as its is rare to have a huge residential site up for sale that is zone for landed housing. This is the first prime landed residential plot in D9 to 11 since 1996.
Potential of Victoria Park Villas?
Based on its initial launch price, developer is offering a whopping additional 300k discount and had sold more than 20 units to date out of 30 units launched. The cooling measure Additional Buyer Stamp Duty (ABSD) and Total Debt Servicing Ratio (TDSR) has affected property sales especially those high end and high quantum development like landed property.
However, as prices has soften, activities has pickup up in high end market and also landed properties. Investors and home owners could probably see some capital gain going into 2018 and beyond.