Bungalow plot at Chee Hoon Ave up for sale

A bungalow plot in District 11 has been put on the market for auction sale next month, and is expected to fetch more than $23 million.

The 15,184 square foot site - 8 Chee Hoon Avenue - is easily accessible and has a 37-metre frontage.

The property was put up for sale by the estate of the late Molly Ong Nee Chan, wife of the late Dr Ong Swee Law, chairman of the Public Utilities Board and founder of the Singapore Zoo.

The plot is located within walking distance of the Botanic Gardens, Cluny Court and Serene Centre, and is close to popular schools such Anglo-Chinese School, Nanyang Primary and Raffles Girls' Primary.

In 2012, the average price of GCBs surged 12 per cent over 2011 to $1,376 per square foot.

Over the past decade, GCB prices have grown at a compounded annual growth rate of 15 per cent. This compares with 10 per cent for overall landed homes and 4 per cent for non-landed homes.

The auction of the Chee Hoon Ave plot is on Feb 27.

Source: Business Times –21 January 2013

< Please Call Steven @ 98232630 for sales enquiries >