A rare opportunity has emerged in the property market with the sale of a corner freehold bungalow located in Jalan Lokam, District 19. This property, boasting a generous land area of 7,491 square feet, presents an attractive prospect for discerning buyers and investors alike. With an asking price of $11.18 million, which translates to $1,492 per square foot, the bungalow is positioned to appeal not only to those seeking a luxurious family residence but also to savvy investors looking for a promising asset in a vibrant area.
The bungalow features a contemporary two-storey design that encompasses 5,336 square feet of living space, providing ample room for family living and entertainment. The interior layout is thoughtfully designed, with five spacious bedrooms that offer privacy and comfort. The property has been enhanced with a newly upgraded swimming pool, adding an element of leisure and relaxation to the home.
The expansive living areas are perfect for hosting gatherings and fostering family connections, making this residence a true sanctuary for modern living.
One of the standout features of this property is its zoning regulations, which permit the addition of a third storey or even the redevelopment into two semi-detached homes. This flexibility adds significant value for potential buyers, as it opens up various avenues for future development.
Investors can consider maximizing the property’s potential by either expanding the existing structure or taking advantage of the land’s versatility to create new homes. Such development options are particularly appealing in an area that is increasingly sought after.
The location of the bungalow further enhances its attractiveness. Situated in District 19, it is close to reputable schools, making it an ideal choice for families with children. Additionally, the property is conveniently located near public transport, providing easy access to the rest of Singapore.
The unobstructed views from the property not only contribute to its aesthetic appeal but also enhance the overall living experience.
As the market continues to evolve, new Singapore Citizens in search of freehold homes will find this corner bungalow to be a desirable option. The combination of contemporary design, family-friendly living spaces, and the potential for future development makes this property a noteworthy investment opportunity.
With its attractive pricing and prime location, the bungalow in Jalan Lokam stands out as a rare gem in the competitive property landscape.
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With a focus on sustainability and smart living, the development features eco-friendly amenities, including swimming pools, fitness facilities, and landscaped gardens.
GEMS VILLE‘s strategic location provides excellent connectivity to public transport and major roadways, making it accessible to nearby schools and shopping centers.
Interested buyers can explore the GEMS VILLE Floor Plan and find competitive pricing options.
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News Source: Edgeprop
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