A detached freehold house located in Seletar Hills Estate is being put on the market by its owner for $16 million. The auction group at Knight Frank Singapore is the appointed agent for marketing, and the property is expected to be sold during an exercise of expression of interest which will close on September 15.
The three-storey residence with a basement lies on a 10,207 square foot lot on Mimosa Crescent. The neighborhood forms part of the three-storey mixed land enclave situated off the 5 Nim Road in District 28. This estate of landed housing is bordered with Yio Chu Kang Road and Ang Mo Kio Avenue 5 and includes a number of low-density land communities that comprise semi-detached, terraced and detached homes.
The rear of the bungalow facing northeast is a view of to the Mimosa Road playground, one of the many public parks and playgrounds which are sprinkled throughout the entire enclave of landed homes. The home has a frontage of 25.9m with ample parking for up to four vehicles.
The bungalow, which was built over in the past decade, has six bedrooms, including a guest room. The main floor comprises of a dining and living space, surrounded by floor-to ceiling windows. The view extends out to the backyard and features landscaping, an outdoor pool, a timber deck, and an outdoor pavilion.
The majority of the area’s newly constructed homes on land were built by the mainboard-listed Bukit Sembawang Estates or privately-held Fairview Developments, a 50:50 joint venture of Tong Eng Brothers and Yeap Holdings.
Bukit Sembawang Estates has been active in Sembawang Hills Estate since the 1950s. It has developed more than 4,500 land-locked homes located in Seletar Hills and Luxus Hills. The latest development includes the 132 unit pollen collection located at Pollen View, released for auction in the 4th quarter of 2022.
Based on URA restrictions Based on URA caveats, 26 units of Pollen Collection have been sold. Pollen Collection have been sold until this point. They vary from a 1,615 sq feet terraced home that sold for $3.5 million ($2,168 per square foot) on April 23rd to a 3,186 square foot terraced home at 1 Pollen View, which the developer was sold at $4.46 million ($1,400 per square foot) on July 20.
On January 20, 2022 Fairview Developments completed its final strata-landed housing project in Belgravia Drive, consisting of 107 units. The project is in addition to Fairview’s previous developments, such as Belgravia Villas and Belgravia Green, all located in Belgravia Drive.
Belgravia Ace has sold an 82-unit sale (76%), but developer sales figures show that the most recent units that were sold to the developer were sold in April 2022. The sold units vary from the 3,649 sq foot terraced home that was offered for sale at $4.09 million ($1,120 per square foot) to an 4,370 sq ft semi detached home that was purchased to the public for $4.6 million ($1,054 per sq ft) on the 22nd of January this year.
A review of transactions done of EdgeProp Singaporeshows that the average cost in Belgravia Green is around $1,122 per square foot, with homes at Belgravia Villas selling for around $971 psf. Residences located in the Nim Collection Another built-on development in this neighborhood owned by Bukit Sembawang Estates has also been sold for around $2,058 per square foot.
In the vicinity of Mimosa Crescent, the most recently sold detached house included the 107 Mimosa Crescent for $10.8 million in March 2018. The property is located on a 10,204 square foot lot, and the cost is $1,058 per square foot on the land. Another home, located situated at the address 115 Mimosa Crescent, was sold for $12.5 million in November 2017. The 10,850 square feet site was bought for $1,153 per square foot.
Seletar Hills Estate offers convenient access to facilities such as shopping malls such as Greenwich V Mall located on Seletar Road, Compass One at Sengkang Square, and Seletar Mall at Sengkang West Avenue. The nearby green spaces comprise Lower Seletar Reservoir and The Oval A lifestyle enclave in Seletar Aerospace Park.