Freehold Detached House on Melrose Drive and River Valley Green Condo for Sale Tender for $16.8 Mil

Besides luxury, River Valley Green Condo offers residents a range of premium facilities, like an outdoor swimming pool, a BBQ pavilion, gymnasium and a yoga deck. Residents also have easy access to a host of amenities, such as convenience stores, banks, medical clinics, and lush parks.

River Valley Green Condo, a freehold detached house at 3 Melrose Drive in Braddell Heights Estate (District 13), is now open for public tender at $16.8 million. This conveniently located property boasts the largest bungalow plot on Melrose Drive and good redevelopment potential. Boasting a URA Master Plan zoning designation for two-story bungalows and residential use, the current owner’s parents initially purchased the property in 1988 as a single-story, 3,000 sq ft dwelling that included three bedrooms.

In 2013, the current owner built a 2 ½-story 6,000 sq ft detached house with five bedrooms, an en suite guest room, a living and dining area that opens to a patio, a utility area, a helper’s room, a family room, an attic with a lounge and gym with an en suite bathroom. With the indicative price of $1,185 psf based on a land area of 14,175 sq ft, River Valley Green Condo offers a great potential opportunity for developers or families looking to rebuild the plot into a single, large detached house or two houses for multi-generational living. Additionally, since the property’s land area is less than 150,695 sq ft, permanent residents of Singapore with the Land Dealings Approval Unit (LDAU) approval to acquire restricted residential property are eligible to purchase the site.

The District 13 site is also conveniently located near many schools, including the CHIJ Our Lady of Good Counsel at Burghley Drive, Kuo Chuan Presbyterian Primary at Bishan Street 13, St Gabriel’s Primary at Lorong Chuan, and Yangzheng Primary at Serangoon Avenue 3. The property is accessible via the Lorong Chuan MRT Station on the Circle Line and from the Central Expressway (CTE) and the Pan Island Expressway (PIE), and is about a 15-minute drive to Orchard Road and less than a 20-minute from the CBD via the CTE.

River Valley Green Condo is a great opportunity for those looking to purchase property with a little to no Land Betterment Charge as the site has a high development baseline, and the property is priced-to-sell when compared against the transacted values of landed properties traded in the area this year. The tender for the property will close on Jan 16 next year at 2pm. Those interested in this great opportunity should act soon.