Trustee sale of Chee Hoon Avenue bungalow for $27 mil

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Situated within the upscale District 11’s Capitol Park estate, trustees of a bungalow at 46 Chee Hoon Avenue have launched an expression of interest (EOI) exercise on Sept14, expecting offers in the region of $27 million. The two-storey detached house, which sits within the Chee Hoon Avenue Good Class Bungalow (GCB) area, has an 11,064 sq ft land area, a north-south orientation, with a frontage of 41m and a depth of 28m. It is being offered with vacant possession and on an “as is where is” basis.

Conveniently located at the end of a cul-de-sac, the property is well-kept and in move-in condition. It has a coveted address and its proximity to Singapore Botanic Gardens (600m away) and Botanic Gardens MRT Interchange (680m away) broadens its appeal. Several popular schools, including Nanyang Primary School, Singapore Chinese Girls’ School and Raffles Girls’ Primary School, are within a 1-2km radius.

Nicholas Ng, senior director at JLL, remarks that the bungalow is suitable for families who appreciate living in a serene, low-density community with the convenience of nearby amenities.

The 46 Chee Hoon Avenue EOI exercise closes on Oct 19 at 12pm. With its enticing address and extensive facilities, the bungalow is likely to spark strong interest and command a good price of around $2,440 psf.