Trustee sale of Chee Hoon Avenue bungalow for $27 mil

The trustees of a detached bungalow at 46 Chee Hoon Avenue in District 11’s Capitol Park estate have put the property on the market via an expression of interest (EOI) exercise. This two-storey house is located within the Chee Hoon Avenue Good Class Bungalow (GCB) area, near the end of a cul-de-sac. It features a north-south orientation and has a 41m frontage and a depth of up to 28m.

The home is being offered with vacant possession and on an “as is where is” basis, and is expected to fetch offers “in the region of $27 million”, translating to $2,440 psf on its 11,064 sq ft land area, states sole marketing agent JLL.

The well-kept and move-in condition property is ideal for families seeking a serene, low-density community with the convenience of many surrounding popular schools and amenities, such as Nanyang Primary School 600m away and Singapore Chinese Girls’ School and Raffles Girls’ Primary School both within 2km.

Located just 680m from the Botanic Gardens MRT Interchange for the Downtown and Circle Lines, and a mere 600m away from the Singapore Botanic Gardens, this promising investment offers minimal renovation needs and an immediate stream of rental income.

Latest sales transactions on Chee Hoon Avenue, such as a detached house in Eden Park estate which sold for $11 million, are further testimony to this prime location’s substantial value.

The 46 Chee Hoon Avenue EOI exercise will close on Oct 19 at 12pm. Interested parties should contact sole marketing agent JLL to register for the sale.

Residents at Marina Gardens Residences can enjoy a wide range of activities from dining to shopping, all within minutes of their luxurious homes. With close proximity to the MRT, great access to public transportation, and a close proximity to Marina Bay, residents enjoy the convenience of city life without having to sacrifice their comfort and privacy. Whether you prefer to explore on your own or to enjoy the many activities available in the area, living near Marina Bay offers plenty of opportunities to experience all the best that the city has to offer.

Offering a tranquil residential environment together with easy access to schools and amenities, 46 Chee Hoon Avenue is an ideal investment opportunity. With an expected sale price of $27 million, it promises substantial potential returns for its new owners, whether from rental income or capital gain.

The property is being marketed by JLL and the EOI exercise closes on Oct 19 at 12pm. With promising recent transaction records and its sought-after address, this investment stands to deliver solid returns.