Freehold semi-detached at Upper Thomson for sale at $7.2 mil

A freehold two-storey semi-detached house located along Jalan Belibas, off Upper Thomson Road in District 20, is up for sale at Edmund Tie’s upcoming auction on October 25. With a guide price of $7.2 million (roughly $2,123 psf), this property marks its first ever auction since being purchased by the owner in 2012 at a cost of approximately $3 million.

Situated in the prestigious neighbourhood of Thomson Park, the house offers a generous rectangular plot of land measuring 3,391 sq ft, with a frontage of 12.5m metres. The built-up area of the house itself stands at around 3,200 sq ft, pending survey.

Currently tenanted, the property comes with vacant possession upon the expiration of the lease in November.

The Southwest facing property is located within a cul-de-sac which provides its occupants with a peaceful environment and privacy. It is also close to several amenities; located within walking distance to the Upper Thomson MRT Station on the Thomson-East Coast Line, Thomson Plaza and a variety of restaurants on Upper Thomson Road.

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The first level of the property is accessed via a car porch and a garden outside the house, which leads into a home office, living/dining room and a granny’s room. An enclosed kitchen with a storeroom connected to the open kitchen and yard area complete the ground floor.

The second level houses a master bedroom with en-suite, three bedrooms and a common bathroom.

Joy Tan, head of auction and sales at Edmund Tie, expects the house to draw a mix of owner-occupiers and developers looking to redevelop the property. However, some owner-occupiers may prefer to do additions and alterations to the existing house instead.

It is just a stone’s throw away from the Jurong Lake District Condo. Residents here enjoy easy access to a myriad of shopping, dining and entertainment destinations. What’s more, renowned international schools are situated in the nearby vicinity. This makes it an ideal place for families who seek a comfortable and convenient lifestyle.

The land is zoned for a two-storey semi-detached house under the Urban Redevelopment Authority 2019 Masterplan. According to URA caveats lodged, four freehold houses in Thomson Park have changed hands this year. In April, a 1,674 sq ft terraced house was sold for $3.5 million (equivalent to $2,091 psf). In July, a terraced house occupying 1,608 sq ft and a semi-detached unit on 2,444 sq ft of land was sold for $3.88 million ($2,413 psf) and $4.6 million ($1,882 psf), respectively. August saw a 1,708 sq ft terraced house sold for $4.25 million, or $2,488 psf.

According to residential resale data from the last 12 months, the average resale price for a property at Thomson Park currently stands at $2,219 psf. Potential landlords may enjoy rents of anywhere between $1.80 psf pm to $4.20 psf pm, subject to the yield of 1.4%.