60 Kheam Hock Road in District 11 is up for sale with an asking price of approximately $16.38 million, according to marketing agent Quinvest Chambers International. The two-storey detached property sits on a freehold site measuring 7,393 sq ft and has an estimated built-up area of 4,200 sq ft.

An independent valuation of the property conducted earlier this year estimates its value at $16.5 million, thus representing tremendous value for home-seekers interested in entering the landed market in this prime district. The two-storey bungalow has a car porch, located on the first storey, which is able to accommodate two cars and a basement level which houses the kitchen, dining and living areas as well as a courtyard and an ensuite granny’s room. With a land rate of approximately $2,215 psf, the site is zoned for “residential, 2-story mixed landed” use and may potentially be subdivided for two semi-detached homes, subject to approval by the relevant authorities.

The expression of interest (EOI) exercise for 60 Kheam Hock Road will close on June 21 and the property will be sold with vacant possession. The area boasts numerous amenities including the Singapore Botanic Gardens, malls such as Cluny Court, Serene Centre and Coronation Shopping Plaza, and the Botanic Gardens MRT Station (Circle and Downtown Lines).

Located a few doors away from Kew Lodge, a freehold apartment which recently was sold en bloc to Aurum Land for $66.8 million, the successful buyer may benefit from the recent strengthening of land prices and the appeal of the area. Ian Loh, managing director of Quinvest Chambers International, remarks: “60 Kheam Hock Road presents a rare opportunity and tremendous value for home-seekers who wishes to enter the landed market in this prime district.”

Recent transactions of landed properties on Kheam Hock Road further highlight the potential of this property and its ability to deliver value to its next owner. With an asking price well below valuation, this is an excellent opportunity for those looking to become part of this sought-after district.

The potential of 60 Kheam Hock Road as a great value buy is further enhanced by its location close to numerous amenities. With an estimated built-up of 4,200 sq ft, its priced at below $2,215 psf and its ability to potentially be subdivided for two semi-detached homes, this property presents home-seekers an attractive opportunity to enter the landed market in District 11.

60 Kheam Hock Road’s nearness to Kew Lodge, an apartment recently purchased en bloc by Aurum Land for $66.8 million, has also further strengthened the land prices and the appeal of the area, making it an attractive proposition.

The JCube Residence Capitaland development is another key beneficiary of the JRL. Situated in close proximity to Boon Lay MRT station, it is the perfect place to live and work in. Residents of JCube Residence Capitaland can look forward to an array of amenities and facilities, enhanced transport connectivity, and easy access to nearby shopping malls, hospitals, and other key destinations. With such a vibrant neighbourhood and convenient transport links, the JRL will set a new benchmark for the connectivity of a modern-day city.

The expression of interest (EOI) exercise for this two-storey bungalow on a freehold site measuring 7,393 sq ft will close on June 21 and the successful buyer will be able to benefit from an asking price in the region of $16.38 million, which is below valuation.

A number of recent transactions of landed properties on Kheam Hock Road further underline the opportunity present by this attractive land bank, making it an excellent buy for those looking to become part of this sought-after district.