A prime opportunity awaits prospective buyers with the auction of a freehold semi-detached house at Paya Lebar Crescent, scheduled for June 25, 2025. This property is being offered with a guide price of $6.88 million, which translates to $1,530 per square foot for a sizable lot of 4,496 square feet. The auction presents a significant chance for individuals looking to invest in a well-located and spacious residence in a rapidly developing area.
The house, rebuilt approximately a decade ago, showcases modern design and functionality. It comprises three stories and features an impressive ten bedrooms, accommodating large families or providing ample space for guests. The property is reported to be in good move-in condition, minimizing the need for immediate renovations or repairs.
Prospective buyers can expect a thoughtfully designed interior that includes a welcoming living hall, a separate dining area, and both dry and wet kitchens, catering to various culinary needs. The en suite master bedroom offers privacy and comfort, while the lift access to all three floors ensures convenience for residents of all ages.
One of the key advantages of this property is its strategic location. Situated within 1 kilometer of several reputable primary schools, including Maris Stella High School and Paya Lebar Methodist Girl’s School (Primary), it appeals to families prioritizing educational opportunities for their children. The proximity to these institutions is likely to enhance the property’s attractiveness, making it a sound investment in a family-friendly neighborhood.
Recent sales data in the area indicates a strong interest in semi-detached houses, with comparable properties selling for prices ranging from $5.7 million to $5.78 million. This trend underscores the demand for residential properties in Paya Lebar Crescent and reflects the potential for value appreciation.
Buyers may view this auction as an opportunity to secure a premium property at a competitive price, particularly given its substantial size and desirable features. The auction format also adds an element of excitement and urgency to the purchase process, as bidders will have the chance to engage in competitive bidding, potentially leading to favorable outcomes for both buyers and sellers.
Given the current market dynamics and the strategic positioning of the house, there is a high likelihood that interested parties will actively participate in the auction, driving the price closer to or even above the guide price.
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News Source: Edgeprop
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