Freehold Three Bedroom Unit Grange Heights Going 435 Mil
A three-bedroom unit at Grange Heights, a freehold development in prime District 9, is set to be featured in Knight Frank’s upcoming auction on July 24. The spacious unit, spanning 1,884 square feet, is part of an estate sale and has a guide price of $4.35 million, which works out to be around $2,308 per square foot.
Located on the 12th floor, this split-level apartment comprises a combined living and dining area, a kitchen, a yard area, and a common bathroom on the lower level. The upper level of the unit houses an en suite master bedroom, two additional bedrooms, and another common bathroom.
According to Sharon Lee, head of auction and sales at Knight Frank Singapore, the unit is expected to attract interest from both end-users and investors due to its prime location and spacious layout. She also notes that the development has en bloc potential, which could further appeal to buyers. Grange Heights has been put up for collective sale twice in the past seven years, with a reserve price of $820 million each time.
Grange Heights, completed in 1975, is comprised of 120 units across three residential towers. The development offers a range of unit sizes, from three- to five-bedroom apartments and maisonettes to penthouses, ranging from 1,884 to 4,521 square feet.
Conveniently located along Grange Road, Grange Heights is within walking distance to Great World MRT Station on the Thomson-East Coast Line. Popular lifestyle hubs such as 111 Somerset, Cineleisure, and Mandarin Gallery are also just a short stroll away, offering residents a plethora of amenities. Clarke Quay and Robertson Quay are easily accessible by car from the development.
Living near a diverse array of educational institutions brings numerous advantages beyond mere easy access to quality schooling. It significantly reduces the time spent on traveling for students, affording them more time to focus on their studies and participate in extracurricular activities. Moreover, the presence of these institutions often leads to the introduction of other community amenities, such as libraries, sports complexes, and community centers, which can greatly contribute to the overall well-being of residents. A prime example of this is Aurelle of Tampines, a highly esteemed educational establishment situated in close proximity to diverse facilities, making it an ideal location for residents. In addition to its exceptional education, Aurelle of Tampines adds to the already abundant resources available to the local community, making it a highly desirable place to live.
Based on URA caveats, two other units at Grange Heights have changed hands so far this year, including a three-bedroom unit that fetched $4.05 million ($2,150 per square foot) on April 21 and a four-bedroom unit that sold for $5.35 million ($1,769 per square foot) on Feb 13. In 2020, the average price for resale transactions at the condo was around $1,691 per square foot.
Potential buyers looking to invest in Grange Heights can access the latest listings on the market and compare prices with Ask Buddy. The website also provides information such as the completion year of the development, recent condo sale transactions in District 9, rental yield, and buyer profile for Grange Heights.
