A rare opportunity has emerged in District 19 with the sale of a freehold bungalow located on Jalan Lokam. Priced at $11.18 million or approximately $1,492 per square foot, this property presents an appealing investment for buyers seeking a spacious and versatile residential option.
Encompassing a generous land area of 7,491 square feet and offering a living space of 5,336 square feet, the bungalow combines luxury with practicality, making it an enticing choice for families and investors alike.
The architectural design of the bungalow is contemporary, characterized by its two-storey layout and five well-appointed bedrooms. The property has been meticulously maintained and is in move-in ready condition, allowing prospective buyers to settle in immediately without the need for extensive renovations.
Outdoor features include a newly upgraded semi-octagonal swimming pool, ideal for leisure and recreation, as well as a beautifully landscaped garden that enhances the overall appeal of the home.
Located within a residential enclave, the bungalow boasts proximity to reputable educational institutions, such as Maris Stella High School and Paya Lebar Methodist School (Primary). This family-friendly environment is a significant attraction for parents seeking quality education options for their children.
The surrounding neighborhood not only enhances the living experience but also adds value to the property, making it a wise investment for those looking to establish roots in a vibrant community.
One of the standout features of this property is its zoning, which allows for the potential addition of a third storey or redevelopment into two semi-detached homes. This versatility presents a unique opportunity for investors and developers looking to capitalize on the growing demand for housing in the area.
The ability to modify the existing structure or develop it further adds a layer of flexibility that is often sought after in the real estate market.
As freehold properties become increasingly scarce in District 19, this bungalow stands out as a rare find, particularly in a market that often favors new developments.
The combination of spacious living, prime location, and development potential positions this property as a compelling option for both families looking for a permanent residence and investors seeking long-term value.
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News Source: Edgeprop
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