A 99-year leasehold semi-detached house will appear on the block at SRI’s next auction on March 15 with a guide price of $3.65 million. The three-storey property occupies a 3,034 sq ft corner plot on Kew Heights in District 16. The $3.65 million price tag reflects a land rate of $1,203 psf.
A mortgagee sale, this will be the first time that the property will be offered for sale via auction. The house will be offered with vacant possession.
The house has a floor area of 4,436 sq ft over three floors. The ground level has a living hall with a double- volume ceiling, an adjoining dining area, a kitchen and a helper’s room. The upper two levels contain six bedrooms, a family area and a storeroom. The property also includes a car porch and a backyard area.
The ground level has a living hall with a double-volume ceiling, an adjoining dining area, a kitchen and a helper’s room. (Photo: SRI)
According to Mok Sze Sze, managing partner of auctions and sales at SRI, potential buyers may have the opportunity to convert some of the open areas into additional bedrooms, making the property ideal for extended or multi-generational families.
Mok adds that in terms of land rate, the property’s guide price of $1,203 psf is one of the lowest on offer in the area. URA caveats show that the property last changed hands in November 2021 for $3.19 million ($1,051 psf).
Last year, two other 99-year leasehold landed properties within the Kew Vale estate were sold. The most recent transaction was the sale of a three-storey semi-detached house along Kew Heights for $3.35 million in February. It had a land area of 2,396 sq ft, reflecting a land rate of $1,398 psf.
The other transaction was the sale of a three-storey terraced house occupying a 2,300 sq ft plot along Kew Drive. The property changed hands for $3.26 million ($1,417 psf) in January.
Potential buyers may be able to convert some of the common spaces into two additional bedrooms. (Photo: SRI)
Prices of 99-year leasehold, semi-detached properties in the Kew Vale estate have grown in recent years. According to URA Realis, seven semi-detached houses were sold in 2023 and 2024 at an average land rate of $1,213 psf. This is up from the average land rate of $1,002 psf across seven transactions at the estate between 2021 and 2022.
The area is located near major motorways such as East Coast Parkway (ECP) via Bayshore Road and will be served by the upcoming Bedok South MRT Station along the Thompson-East Coast Line when it opens in 2H2026.
Several schools are also located near the property up for auction, including Temasek Primary and Secondary Schools, Bedok South Secondary and Bedok View Secondary.
