A prime opportunity has arisen with the mortgagee sale of a two-bedroom-plus-study unit at Bartley Residences, listed at a guide price of $1.9 million, which translates to $1,713 per square foot. This well-appointed unit encompasses a total area of 1,109 square feet, featuring an ensuite master bedroom, a second bedroom, and a versatile study area. The latter can easily be converted into a third bedroom or a helper’s room, catering to a range of living arrangements and family needs.
Bartley Residences is a notable 99-year leasehold development located in District 19, comprising a total of 702 units. The development is conveniently situated near essential amenities, including schools and Bartley MRT Station, enhancing its appeal to families and commuters alike. The strategic location contributes significantly to the desirability of the unit, making it an attractive option for potential buyers seeking both comfort and accessibility.
The unit was previously auctioned but was withdrawn after June due to a lack of interest. The timing of the auction coincided with the June school holidays, a period often marked by reduced engagement in real estate transactions. This could have played a role in the limited interest observed at the auction, highlighting the importance of timing in property sales.
It remains to be seen if this mortgagee sale will attract more attention from buyers who may have missed the opportunity earlier in the year.
Recent transactions at Bartley Residences provide insights into the property market within the development. In 2023, a total of 19 units have sold, with an average price of $1,817 per square foot. This average indicates a robust demand for units in the development, despite the earlier challenges faced by the subject unit.
The most recent sale involved a smaller unit that occurred on the same day as the previous auction, suggesting that there is still active interest in the area.
Given the current guide price of $1.9 million for the two-bedroom-plus-study unit, prospective buyers may find this an advantageous entry point into the Bartley Residences market. The unit’s price per square foot is slightly lower than the average recorded this year, potentially making it an appealing investment opportunity for buyers looking to capitalize on the demand in the area.
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News Source: Edgeprop
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