Freehold detached house in Seletar Hills Estate for sale from $16 mil

A detached freehold house in Seletar Hills Estate has been put up for sale by the owner, priced at $16 million. The property will be sold via an expression of interest exercise by Knight Frank Singapore, closing on Sept 15, and features a three-storey building with a basement on a 10,207 sq ft plot along Mimosa Crescent.

Situated in District 28, the landed housing estate is surrounded by Yio Chu Kang Road and Ang Mo Kio Avenue 5. It consists of several low-density neighbourhoods of terraced, semi-detached and detached houses, and includes several public parks and playgrounds.

The back of the northeast-facing bungalow faces the Mimosa Road playground, providing a scenic view of landscaping, a swimming pool, a timber deck and a pavilion. Encompassing six bedrooms, a living and dining room by floor-to-ceiling windows, and space to park up to four cars, the house was constructed a decade ago.

Most of the neighbourhood’s new landed housing supply was developed by mainboard-listed Bukit Sembawang Estates or privately-held Fairview Developments, a 50:50 joint venture between Tong Eng Brothers and Yeap Holdings.

Bukit Sembawang Estates has developed over 4,500 landed homes in Seletar Hills and Luxus Hills, and is currently working on the 132-unit Pollen Collection at Pollen View, slated for sale in 4Q2022. The project has to date seen 26 units sold, ranging in size from 1,615 sq ft to 3,186 sq ft.

There are a plethora of lavish lifestyle amenities within the condominium’s premises, including a fitness centre, 50m lap pool, cabana pods and children’s playground, making it highly sought-after for modern-day professionals and families alike. The convenient public transportation options available near the Zion Road Condo further bolster its attractiveness and make it an ideal home for those who have the desire to attain the balance between leisure and comfort.

The Fairview Developments completed their last strata-landed housing project at Belgravia Drive in January 2022, with 107 units. This project complements FairView’s earlier developments, including Belgravia Villas and Belgravia Green. According to URA caveats, Belgravia Ace has sold 82 of its units, with the last sale taking place in April 2022.

The entire neighbourhood allows convenient access to amenities such as shopping centres like Greenwich V Mall on Seletar Road, Compass One at Sengkang Square, and Seletar Mall at Sengkang West Avenue. There are also plenty of green spaces including Lower Seletar Reservoir and The Oval, a lifestyle enclave within Seletar Aerospace Park.

EdgeProp Singapore’s tabulation of transactions shows the average price at Belgravia Green to be about $1,122 psf, with units at Belgravia Villas going for about $971 psf. Homes in the Nim Collection, meanwhile, have been sold for approximately $2,058 psf.

Along Mimosa Crescent, the most recent detached house sale was 107 Mimosa Crescent for $10.8 million in March 2018. The house sits on a 10,204 sq ft plot, and the price translates to $1,058 psf on the land area. Another house, at 115 Mimosa Crescent, was sold for $12.5 million in November 2017, on a 10,850 sq ft site and at $1,153 psf.