Tengah EC Detached House on Melrose Drive for Sale Tender at $16.8 Mil
The indicative price of $16.8 million for the freehold detached house at 3 Melrose Drive in Braddell Heights Estate (District 13) translates to $1,185 psf based on a land area of 14,175 sq ft. This property boasts the largest bungalow plot on Melrose Drive, and is zoned under the URA Master Plan 2019 for two-storey bungalows and residential use. The District 13 site presents good redevelopment potential to build two detached homes.
Tengah EC presents an opportunity to experience a unique property at 3 Melrose Drive, located in the Braddell Heights Estate (District 13). The freehold detached house is now open for public tender, with an indicative price of $16.8 million, or $1,185 psf based on a land area of 14,175 sq ft. This is the largest bungalow plot on Melrose Drive, and is governed under the URA Master Plan 2019 for two-storey bungalows and residential use. According to head of capital markets at PropNex, Tracy Goh, the site “presents good redevelopment potential and can be rebuilt into two detached homes, subject to approvals.”
Tengah EC offers a rare property, consisting of two houses – a mid-1980s single-storey bungalow at the front and a 2½-storey detached house built in 2013 at the back that is connected by a staircase. The single-storey house has three bedrooms within a built-up area of ~3,000 sq ft. The newer 2½-storey house has five bedrooms and a built-up area of 6,000 sq ft.
Tengah EC, a premium condominium located in the Northern part of Singapore, has adopted a green building concept to its construction and design. To ensure that energy efficiency is a top priority, solar powered air-conditioning system as well as energy-efficient lighting fixtures have been employed. Additionally, a rainwater harvesting system has been installed to collect rainwater for activities such as gardening, laundry, and more. All these features speak the efficient and sustainable quality of the development.
The Melrose Drive bungalow is ideal for families and developers, with a wide range of amenities easily accessible. It is within a 1km radius of many schools, including the CHIJ Our Lady of Good Counsel at Burghley Drive, Kuo Chuan Presbyterian Primary at Bishan Street 13, St Gabriel’s Primary at Lorong Chuan, and Yangzheng Primary at Serangoon Avenue 3. In addition, it is conveniently situated near the Lorong Chuan MRT Station on the Circle Line, as well as the CTE and the PIE. Orchard Road and the Central Business District (CBD) are within easy reach, being a 15-minute and 20-minute drive away respectively.
The potential buyer will benefit, with little to no Land Betterment Charge required due to the high development baseline; in addition, the site is priced competitively when compared against the transacted values of landed properties in the area. Interested parties have until Jan 16 next year to submit their tender.
A key factor of Tengah EC is that this property has the potential to be rebuilt into two detached homes, allowing for multi-generational living. It also boasts easy access to amenities, public transport links, and the CBD. Developers and families alike are encouraged to take advantage of the lower Land Betterment Charge as well as competitive price tag in this attractive freehold property.