Semi-Detached House Attracted 33 Bids, Sold For $3.89mil - Midwood™ Condo @ Hillview Rise (Updated - 2022)

Semi-Detached House Attracted 33 Bids, Sold For $3.89mil

A 5 bedroom, semi-D house amongst the Siglap neighborhood in D15 was sold off for $3.89 million, following receiving 33 quotes during the initial public real estate auction of the year, reported The Business Times.

Bidding for the two-and-one-half storey property by Aida St kicked off at $3.25 mil. The selling price was $four hundred and ninety thousand above its $3.4 mil guide pricing.

Located on a 2thousand 8hundred 96 sq foot place, the property had a built-up space of 3thousand 8hundred 72 square foot The previous sale for the property was $1.5 million in 2002.

Joy Tan, Chief of A&S at Edmund Tie, detailed the number of proposals obtained as the biggest she had noticed for a long time.

She recorded that the highest sum of offers documented during last year’s real estate auctions was accross twenty.

The bidding were intended for a semi-detached home in Lorong Ah Soo among D19. Situated in a 5.144K square ft location, the freehold six bedder house had a ground measurement of 819.96 sq m. The semi-D was sold off for $5.5 mil, with the beginning proposal at $5 million.

“It’s uncommon to secure more than thirty consumers chasing after toward a house,” claimed Joy as quoted by The Business Times. She beefed up which it could be because freehold semi-detached real estate based on this sizing will be hardly ever obtainable.

The house at Aida Street was the lone one sold off at the time of the public auction on 13Jan. Of the sixteen listings, fourteen were actually householder deals whereas the other 2 were property owner sales.

Tan feels the large proportion of mortgage holder transactions might suggest COVID-19 trigger stress, documenting that such deals will make fiftypercent of postings at typical auctions, shared The Business Times.

The other listings at the bidding taken out caused by poor offers received. Among the posting receded was the mortgage holder posting regarding a 6.042K square ft “leftover ground” in Sixth Avenue.

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Circled by govt land, the freehold spot had a guide amount of $3 mil and drew in accross 100 questions pre-auction.

“Leftover land” knowns as odd shaped or small plots of land left over soon after development which are analyzed inadequate for private property due to their pattern or dimension. They possess the potential to spruce up the adjacent ground’s economical valuation and also purpose.

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