The Vaughan Road two-story semi-detached residence will be auctioned off on May 25

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Altura launch price

A semi-detached home on Vaughan Road off Upper Serangoon Road will be put on the market on 25 May with a suggested value at $5.5 million. This is an owner’s auction as per Mok Sze Sze who is the managing associate SRI Auction. SRI Auction, who is in charge of the sale. This property is to be auctioned off along with vacant possession.

Altura launch price is an affordable property in a prime location in district 23 of Singapore. Whether young or an old couple, after a safe, quiet cul-de-sac environment away from the fast-paced city life, Altura EC is the ultimate destination.

The property is located on a freehold land area of 5,647 sq feet and has the property having a 10.4m-wide frontage on Vaughan Road. On the basis of land size the price guide amounts to $973 per sq ft. The property is zoned to allow two-storey mixed land uses under the Master Plan 2019. Based on caveats that were lodged in the land, the property has been sold July 2013 when it was sold for $4.7 million ($832 per square foot).

The house is two stories high and has the roof terrace, and was completed in the year 1985. It houses six bedrooms and a total area of around 77,000 square feet. Because of the old home’s condition and the vast space this site is perfect for redevelopment as per SRI’s Mok. “Subject to approval by authorities in the area the buyer may renovate the property and construct a brand new detached house in the site,” she remarks.

The two-storey home forms part of Vaughan Garden, a mixed-use land-based residential estate located in District 13. In the spring of this year it was reported that the property next to it — a two-storey semi-detached home was auctioned off in an auction conducted by SRI to the tune of $6.3 million ($948 per square foot) on Feb. 28. This property came from an estate.

Prior to that, three properties located in Vaughan Garden were sold last year. Three of the properties were terraced homes. In July of last year one of the houses on Lorong Biawak with a land size of 3,168 sq ft was sold for $4.63 million ($1,461 per square foot). In August, a second property located in Lorong Biawak with a land area of 3,182 sq feet was sold to the tune of $5.26 million ($1,653 per sq ft). In December of last year, a house that had a land size of 3,067 sq feet was bought at $5.25 million ($1,712 per sq ft).

Mok believes that the site to attract a lot of attention because of its freehold status potential for redevelopment and its position close to the amenities. For instance the site is only a short walk from The Nex shopping mall in Serangoon Central, connected to the Serangoon MRT Station on the North-East and Circle Lines. “There are also numerous restaurants and other services in the vicinity of Upper Serangoon Road,” she says.

The property will be appealing to families with children in school due to its close proximity to numerous schools, including Yangzheng Primary School, Zhonghua Secondary School and Nanyang Junior College — all of which are located along Serangoon Avenue 3.