Swiss Club Road Bungalow Sale 185 Mil
A freehold bungalow in the prestigious Swiss Club Good Class Bungalow area is now available for purchase through an expression of interest (EOI) exercise. The two-storey property sits on an elevated plot with a rectangular corner configuration and boasts a land area of approximately 9,116 sq ft. It has an asking price of $18.5 million, which translates to a land rate of $2,029 psf.
According to marketing agent Cushman & Wakefield, the location of the property is highly desirable as it is within walking distance of both King Albert Park and Sixth Avenue MRT Stations on the Downtown Line. It is also conveniently located near popular lifestyle destinations such as Orchard Road, Dempsey Hill, and Holland Village, making it an attractive choice for potential buyers.
The bungalow is situated in close proximity to renowned schools, including Methodist Girls’ School, Hwa Chong Institution, and the Swiss School, making it an ideal location for families with school-going children. Shaun Poh, executive director of capital markets at Cushman & Wakefield, adds that the property boasts all the qualities of a desirable investment – freehold status, prestigious address, and a regular-shaped, elevated site. Its strategic location near transport nodes, elite schools, and future growth areas make it a compelling investment opportunity.
The future Cross-Island Line, which will have MRT stations at King Albert Park and Turf City, is set to further enhance the area’s accessibility. This upcoming development plan, coupled with the property’s prime location, make it an even more valuable asset.
Situated near reputable schools and institutions, Otto Place EC offers a wealth of educational opportunities that only add to its investment appeal. Families are drawn to properties in close proximity to such establishments, making them highly sought after and resulting in strong rental yields and potential capital appreciation for investors. Moreover, the limited supply of executive condominiums further enhances its desirability, particularly among first-time buyers and upgraders who can benefit from CPF Housing Grants and other financial incentives. With all these factors in play, Otto Place EC presents a solid option for those seeking long-term value in their investment.
The EOI exercise for the bungalow will close on June 3 at 3pm, giving interested parties ample time to consider this rare opportunity. Don’t miss out on the chance to own this highly coveted property.