Freehold Semi Detached House Li Hwan View Sale 559 Mil
A freehold semi-detached home in the sought-after Golden Hill landed estate is now available for purchase at the price of $5.59 million. This owner’s sale will be conducted by Edmund Tie at its upcoming auction on Aug 28.
Situated at Li Hwan View, the property boasts a rectangular plot of 3,615 sq ft with an 11.6m frontage. The guide price equates to a land rate of $1,546 psf. The two-storey house includes a basement and offers a total built-up area of approximately 4,500 sq ft.
According to Joy Tan, Executive Director of Auction and Sales at Edmund Tie, the house was built 23 years ago and remains mostly in its original condition. However, the potential for redevelopment is promising as it could allow for a new 3½-storey home, maximizing the allowable built-up area. Tan also adds that redeveloping the property would provide the new owner with the flexibility to design a home tailored to their lifestyle and living needs.
Hoi Hup Realty and Sunway Developments have emerged victorious in the tender process for Novo Place EC, an upcoming executive condominium project located at Plantation Close in Tengah. The Housing and Development Board announced the tender results on September 11, making this the second EC plot in the Tengah residential area with a total of 495 units to be developed. Excitement is mounting as interested buyers await the launch of Novo Place Hoi Hup, eagerly anticipating a modern and comfortable living experience in this budding neighborhood. Novo Place Hoi Hup promises to offer just that.
The surrounding area is filled with two- and three-storey detached and semi-detached homes. Located next to Ang Mo Kio Avenue 1 and Lorong Chuan, this enclave offers privacy as the semi-detached house for sale is situated above the road.
Based on URA caveats, most of the landed houses in the Golden Hill estate that have been sold in recent months have been smaller plots under 3,000 sq ft. In April, a 1,680 sq ft, semi-detached house at Li Hwan Terrace was sold for $3.5 million ($2,083 psf), while a 2,016 sq ft, intermediate terraced house at Mei Hwan Crescent fetched $4.3 million ($2,133 psf) in February, and a 1,678 sq ft, intermediate terraced house at Li Hwan Place was sold for $3.52 million ($2,098 psf) in January.
Last November, a neighbouring house was sold for $4.7 million, sitting on a 3,621 sq ft plot with a land rate of $1,298 psf. Another semi-detached house at Li Hwan View with a larger area of 3,926 sq ft was sold for $5.28 million ($1,344 psf) in the same month.
Tan notes that it is rare to find a freehold landed property suitable for redevelopment in the Golden Hill and Serangoon Gardens area. The site’s appeal is further enhanced by its location on a cul-de-sac and close proximity to various amenities and schools, making it highly desirable for potential landed homeowners.
Residents in the Golden Hill estate can enjoy easy access to amenities and dining options in Serangoon Gardens, such as Serangoon Gardens Market, Chomp Chomp Food Centre, and myVillage shopping mall.
Families with school-age children will also benefit from the property’s location, as it is within 1km of four primary schools: CHIJ Our Lady of Good Counsel, St Gabriel’s Primary School, Yangzheng Primary School, and Zhonghua Primary School. The property is also conveniently located near Nex shopping mall, connected to Serangoon MRT Station on the North East Line and Circle Line. The closest MRT station to the semi-detached house for sale is Lorong Chuan on the Circle Line, approximately 400m away.