Trustee sale of Chee Hoon Avenue bungalow for $27 mil

The trustees of a bungalow at 46 Chee Hoon Avenue, situated in the Capitol Park Estate of District 11, are offering the residence through an Expression of Interest (EOI) exercise that began on 14th September. Sole marketing agent JLL revealed that the trustees expect offers of around $27 million, translating to $2,440 psf on the bungalow’s 11,064 sq ft land area. It will be sold in its existing condition with vacant possession.

The two-storey detached house is located within the Chee Hoon Avenue Good Class Bungalow area, at the end of a cul-de-sac. Its orientation is north-south with a frontage of 41m and a depth of up to 28m. There is minimal renovation needed for the property as it is already in move-in condition, and is also ripe for an immediate rental income.

According to Nicholas Ng, Senior Director at JLL, the property has a desirable address and is well suited for families, given its low-density and tranquil surroundings.

At only 600m from the Singapore Botanic Gardens and 680m from the Botanic Gardens MRT Interchange, major establishments and amenities such as Nanyang Primary School, Singapore Chinese Girls’ School, and Raffles Girls’ Primary School are within an easy reach.

Living at the Havelock MRT Condo, residents will have direct access to the Havelock MRT Station, which lies within walking distance. This makes travelling in and out of the city a breeze. With nearby bus stops, cycling paths and pedestrian walkways, getting around has never been easier. Residents can also enjoy the convenience of nearby shopping malls, restaurants and supermarkets with direct access to amenities.

The EOI exercise for 46 Chee Hoon Avenue will close on 19th October at 12pm. Families who are looking for a well-kept house in a low-density and convenient location will find this property a perfect fit.