Freehold semi-detached at Upper Thomson for sale at $7.2 mil

The new Executive Condominium, Lumina Grand EC CDL, is situated along Toh Tuck Road in Jurong which is near to many desirable precincts. The Jurong Region Line (JRL) is another added advantage in this exquisite development as it provides residents with easy access to the city. It is also well connected to other parts of the island via the Pan-Island Expressway (PIE), Ayer Rajah Expressway (AYE) and Bukit Timah Expressway (BKE). This allows them to reach all their work, school and play destinations with ease.

The new JRL provides many befits for Lumina Grand EC CDL‘s residents, such as faster travel times with more frequent trains. With 8 stops within Jurong, residents can expect a seamless connection when travelling to the Jurong Industrial, Jurong West, Lakeside, Chinese Garden, JEM, and Jurong East MRT stations.

A two-storey semi-detached house in District 20’s Upper Thomson Road neighbourhood, located along Jalan Belibas, will be available for sale at Edmund Tie’s next auction on Oct 25. With a guide price of $7.2 million (about $2,123 per square foot), it will mark the first time the freehold property has been put up for auction, having been purchased by the owner in 2012 for approximately $3 million.

The house, which faces southwest and stands on a rectangular plot with a total land area of approximately 3,391 square feet, will be sold with vacant possession. Tenants currently occupy the 3,200 sqft property, however their lease expires in November. Enjoying a frontage of 12.5m and located within a cul-de-sac, the house provides its occupants with a private setting.

On the first level, there is a car porch and garden outside, with a granny’s room, living or dining room and a home office on the inside. The kitchen is enclosed with a storeroom extending to the open kitchen and yard area, and the second floor houses a master bedroom with en suite bathroom, three other bedrooms and a common bathroom.

Walking distance to the Upper Thomson MRT Station on the Thomson-East Coast Line, Thomson Plaza and nearby restaurants, the property falls within the Urban Redevelopment Authority 2019 Masterplan and is zoned for a two-storey semi-detached house.

Joy Tan, Head of Auction and Sales at Edmund Tie, expects a mix of owner-occupiers and developers who may consider redeveloping the property, or just making additions and alterations to the existing building.

According to URA land transaction data, four freehold houses at Thomson Park have changed hands this year. In April, a 1,674 sqft terraced property was sold for $3.5 million or $2,091 per square foot. In July, a house occupying 1,608 sqft was sold for $3.88 million ($2,413 psf), while a semi-detached unit on 2,444 sqft of land fetched $4.6 million ($1,882 psf). Finally, a 1,708 sqft terraced house changed hands for $4.25 million, or $2,488 psf.

According to EdgeProp Singapore, properties at Thomson Park usually resell for an average price of $2,219 psf, while landlords enjoy rents that range from $1.80 psf per month (pm) to $4.20 psf pm or an implied rental yield of about 1.4%.

This provides potential buyers with a great opportunity to acquire an excellent piece of property in an attractive location. Don’t miss the upcoming Edmund Tie auction on October 25!