Freehold detached house on Melrose Drive and Holland Drive Condo for sale tender for $16.8 mil

via public tenderHolland Drive Condo is a property at 3 Melrose Drive in the District 13 of Singapore close to Braddell Heights Estate. This freehold detached house is now open for public tender at the indicative price of $16.8 million, which is approximately $1,185 psf based on its 14,175 sq ft land area. This house is the largest bungalow plot on the Melrose Drive and is zoned for two-storey bungalows and residential use.

Holland Drive Condo is the perfect destination for those looking for an unbeatable combination of convenience, comfort, and glamour. From the generous selection of shopping, dining, and entertainment options to its unparalleled public transport connections, every homeowner is sure to experience the ultimate in urban living.

The property was initially listed for sale through an expression of interest on Oct 18. This property consists of two houses; a mid-1980s single-storey bungalow and a 2½-storey detached house built in 2013. The single-storey bungalow has a built-up area of approximately 3,000 sq ft and three bedrooms, whereas the 2½-storey house has five bedrooms and a built-up area of 6,000 sq ft. It also has a living and dining area, an en suite guest room, a utility area, a helper’s room, a master suite, a family room, a lounge and a gym with an en suite bathroom.

PropNex Singapore, the marketing agent, believes the property offers a good opportunity for developers or families looking to rebuild the plot into a single, large detached house or two houses to cater to multi-generational living. Notably, the potential buyer will benefit from little or no Land Betterment Charge as this site has a high development baseline.

The property is in proximity to many schools including CHIJ Our Lady of Good Counsel, Kuo Chuan Presbyterian Primary, St Gabriel’s Primary and Yangzheng Primary. It is also well-connected via the Lorong Chuan MRT Station on the Circle Line and Central Expressway and the Pan Island Expressway. It is about a 15-minute drive from Orchard Road and under 20-minute drive to the Central Business District (CBD) via the CTE.

Holland Drive Condo is an ideal option for those eligible to buy the property with the Land Dealings Approval Unit (LDAU) approval, as it is priced-to-sell when compared against the transacted values of landed properties traded in the area this year. The tender will close on January 16 at 2pm.