Freehold Four Bedroom Duplex Verdure Going 338 Mil

ERA REALTY

A spacious, 1,733 sq ft four-bedroom duplex is set to go under the hammer at Verdure, a freehold condominium along Holland Road. The property, listed by ERA Realty, will be up for auction on July 25, with a guide price of $3.38 million, which works out to $1,950 per square foot.

This is an owner’s sale and marks the second time the unit has been listed for auction. It will be sold with vacant possession, and was initially put up for auction last month at the same guide price. However, it was withdrawn as there were no bidders.

Located on the ground floor, the unit has its own private lift lobby and is accessible via the upper floor of the duplex. The upper floor comprises separate dry and wet kitchens, a living and dining area, an en suite master bedroom, two additional bedrooms, and a common bathroom. The lower floor features another en suite bedroom that opens onto an outdoor terrace.

Based on URA caveats, the unit was last sold for $2.53 million ($1,457 psf) in January 2021. So far this year, only one resale unit has changed hands at Verdure. This was a 1,744 sq ft, three-bedroom penthouse on the fifth floor which was sold for $3.55 million ($2,036 psf) on March 1. In 2020, there was one resale transaction at Verdure – a 1,066 sq ft, two-bedroom unit on the third floor that was sold for $1.97 million ($1,849 psf) in August that year.

According to Kenny Neo, senior advisory group division director at ERA and the marketing agent for the property, the owners of the unit being auctioned are looking to sell and upgrade to a larger property. He adds that they are keen to find a buyer soon, which is why they have opted to list the unit for auction.

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With a guide price of $3.38 million, or $1,950 psf, Neo says that the unit is attractively priced and offers good value for money. He highlights that the property has already generated interest from several potential buyers, including families who appreciate its spacious layout, featuring a master bedroom, two rooms for children, and an extra room that can be used for entertainment or as a home office.

Verdure is a freehold development that was completed in 2012. It comprises 75 units, ranging from two- to four-bedroom units, as well as penthouses. Unit sizes range from 947 sq ft to 1,765 sq ft, while penthouses range from 1,711 sq ft to 2,260 sq ft. The development also has six 5-bedroom semi-detached houses, which range from 3,552 sq ft to 3,918 sq ft.

Verdure is located within 2km of several good primary schools, such as Nanyang Primary School, New Town Primary School, and Queenstown Primary School. It is also situated near the Holland Park Good Class Bungalow Area, and is close to popular F&B and lifestyle hubs, such as Holland Village and Dempsey Hill.

With a desirable location and a spacious layout, coupled with a competitive price tag, the unit at Verdure is expected to attract potential buyers, and may very well be snapped up at the auction on July 25.

(Source: EP Buddy)