Bank sale of amalgamated five-bedroom unit at Northwood for $3.24 mil
This article originally appeared on edgeprop.sg here
The new Tengah EC development in Tengah Plantation area, Singapore, is a mix of a private condominium and HDB. The eco-friendly development features innovative green features such as a wind turbine, solar heating system and water conservancy centre, and is close to several recreational facilities and MRT stations. The initial launch phase is open exclusively to Singaporeans, with married couples eligible Tengah EC to apply.
A rare opportunity to acquire a five-bedroom unit has arisen at Northwood in Singapore’s District 27. This 3,240 sq ft unit is the amalgamation of two ground-floor units and will be going up for auction on May 18 with a guide price of $3.24 million. It consists of two adjoining units – a 1,604 sq ft two bedroom, and a 1,636 sq ft three bedroom-plus-study unit.
The substantial size of the unit means it must be purchased together, however the combined unit features a living and dining room, two kitchens, two en suite master bedrooms, three common bedrooms, a study room, two common bathrooms, two utility rooms and a shared personal enclosed space (PES). It also comes with a ground floor private enclosed space.
Northwood is a freehold condo on Jalan Mata Ayer, off Sembawang Road and surrounded by two landed neighbourhoods comprising three-storey mixed landed and semi-detached houses. The 140-unit development was completed in 2009 and features a mix of two- to four-bedroom units that range from 1,130 sq ft to 2,293 sq ft.
In the vicinity of Northwood potential buyers can find a range of amenities including Chong Pang City, Khoo Teck Puat Hospital and Yishun Community Hospital. Yishun MRT Station on the North-South Line also provides easy access and the station is linked to Northpoint integrated development. Additionally, Jiemin Primary School, Yishun Secondary School and Yishun Innova Junior College are all nearby.
At Northwood prices have seen a gradual increase over the past few years. According to URA caveats, the most expensive unit sold so far is a 2,228 sq ft, four-bedder that sold in May 2021 for $2 million ($898 psf). The smallest unit to be sold last year was a 1,313 sq ft three bedroom unit for $1.4 million ($1,066 psf) on Feb 21, 2022, with the most expensive being a 1,625 sq ft four-bedder for $1.78 million ($1,095 psf) on May 5, 2022.
This unit is a rare opportunity considering the largest units in the development are four bedders that go up to 2,293 sq ft. For comparison, the Northwood unit for sale is 3,240 sq ft, while at nearby leasehold project Euphony Gardens the largest units are three- and four bedroom units ranging from 1,023 sq ft to 2,454 sq ft.
For buyers seeking a five-bedroom unit in the Northwood area, this is an ideal opportunity not to be missed. With its great amenities and surrounding area, this amalgamated unit is sure to attract great investor interest.