Maisonette at Pine Grove selling for $2 mil

A three-bedroom maisonette home at Pine Grove is on the market with a guide price of $2 million, or $1,199 psf, as a proprietor’s sale. Located off Ulu Pandan Road in District 21, Pine Grove is a 99-year leasehold condominium facility that was completed in 1984. A former HUDC development, the 660-unit task consists of multiple blocks spread out across a site covering over 893,000 sq ft. The growth was privatised in the mid-1990s.

Tengah EC Location

Proprietors of units at Pine Grove have actually made a variety of cumulative sale efforts in the past. When the development was introduced for en bloc sale at a get rate of $1.86 billion, the most recent try was in 2019.

The reduced floor features the cooking area as well as eating area, while the top level includes a sizable living location that additionally leads bent on a veranda. All the bedrooms are located on the top floor, consisting of the bedroom which comes with an en collection shower room. This floor likewise has a living room, laundry room and service terrace.

Pine Grove is also located near 2 Government Land Sale (GLS) sites– Pine Grove Parcel An as well as Parcel B, both of which are 99-year leasehold sites. The tender for the former was awarded in June this year to a 80:20 joint endeavor between UOL Group and also Singapore Land Group (SingLand), which submitted a quote of $671.5 million ($1,318 psf per plot proportion), narrowly defeating second-highest prospective buyer Allgreen Properties by just $800.

Various other features close-by include Clementi Mall, Ghim Moh Market and Food Centre, and Holland Village, every one of which are within a short driving distance of Pine Grove. The residential property will attract family members with school-going children since it is near Henry Park Primary School, Pei Tong Primary School and Singapore Polytechnic.

Facilities readily available at Pine Grove include a pool, barbecue area, basketball court, tennis court, feature space, fitness center as well as a mini-mart. The condo facility additionally has hassle-free accessibility to the Ulu Pandan Park Connector, which leaves the Sungei Ulu Pandan Canal and is connected to the Ghim Moh, Clementi and also Sunset household estates.

The unit that will certainly be up for auction on Aug 31 is located on the eighth flooring as well as has a flooring location completing 1,668 sq ft, split throughout two levels. “The system was remodelled around 5 years back by the current proprietors,” states SRI Auction’s managing partner Mok Sze Sze, that is managing the auction. Based upon cautions lodged, the unit was formerly bought for $1.05 million ($ 629 psf) in June 2016.
The living area of the residential or commercial property. The unit was restored 5 years earlier

The UOL-SingLand joint endeavor strategies to build a 520-unit domestic project on the Parcel A website. According to the analysis on EdgeProp LandLens, the brand-new growth could be gone for rates around $2,400 psf, thinking a developer revenue markup of 15%.

The device that will certainly be up for auction on Aug 31 is situated on the eighth floor and also has a floor area amounting to 1,668 sq feet, divided throughout two levels.

A three-bedroom maisonette home at Pine Grove is on the market with an overview cost of $2 million, or $1,199 psf, as a proprietor’s sale. Found off Ulu Pandan Road in District 21, Pine Grove is a 99-year leasehold condo complicated that was finished in 1984. A former HUDC growth, the 660-unit job comprises numerous blocks spread across a site extending over 893,000 sq ft. The advancement was privatised in the mid-1990s.