Mortgagee Sale Two Bedder Bartley Residences Block 19 Mil

at the EdgeProp Excellence Awards 2019How will the tech world shape the property industry?How Land Titles are changing the game for real estate in SingaporeBartley Residences, a 99-year leasehold development, saw a two-bedroom-plus-study unit being put up for mortgagee sale at Knight Frank’s property auction on June 26. The spacious unit, measuring 1,109 sq ft, includes an ensuite master bedroom, a study area, common bathroom, and living and dining area. With a guide price of $1.9 million, the unit translates to $1,713 psf on the floor area.This is the second time the property has been listed for auction by Knight Frank. However, during the most recent auction, the unit did not receive any bids and was subsequently withdrawn. According to Sharon Lee, head of auction and sales at Knight Frank Singapore, this was due to a lull period with the timing of the auction coinciding with the June school holidays.The two-bedroom-plus-study unit offers potential buyers flexibility in the use of space, with the study area being fully enclosed. According to Lee, this presents the opportunity to convert the area into a third bedroom or a helper’s room. She adds that the property’s expansive balcony, which provides an unblocked view of the surrounding landed estate, can also be converted into an outdoor dining area. Based on URA caveats, 19 units were sold at Bartley Residences this year, with an average resale price of approximately $1,817 psf. The most recent transaction was a one-bedroom unit on the ninth floor, measuring 463 sq ft and changing hands for $828,000 ($1,789 psf) on June 26. Other resale transactions at the development range from $1,620 psf (when a 797 sq ft unit was sold for $1.29 million on June 20), to $2,024 psf (from the resale of a 1,087 sq ft unit for $2.2 million on Jan 7).Located along Lorong How Sun in District 19, Bartley Residences comprises of 702 units spread across eight residential blocks. The development offers a mix of one- to four-bedroom units, ranging from 463 sq ft to 2,250 sq ft. Lee expects high demand for the property due to its proximity to several schools, including Maris Stella High School (Secondary), Maris Stella High School (Primary), and Bartley Secondary School, which are located within a 500-metre radius of the development. Bartley Residences is also situated within walking distance of Bartley MRT Station.

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