A house in Tanjong Katong was sold at auction yesterday for $16.3 million – the highest price fetched at auction this year. It was an estate sale. The single-storey bungalow at 25 Branksome Road went to a Singaporean buyer.
It sits on freehold land of about 13,844 sq ft, which works out to a pricing of about $1,177 per sq ft – below the median price of detached houses in District 15, which was about $1,246 per sq ft of land area in the second quarter.
The plot is zoned for residential use within a two-storey semi-detached landed housing area.
Another property sold at auction yesterday by Colliers International was a 2,454 sq ft single level penthouse with roof terrace at Rio Vista in Upper Serangoon View. The mortgagee sale property went for $1.72 million.
Also up for auction in an estate sale was a two-storey semi-detached house at 7 Lengkok Merak, near Grange Road. A top bid of $8.3 million was made for the property, which sits on a 4,630 sq ft freehold site. Negotiations are underway.
A mortgagee sale property at 21 Toh Avenue was on offer as well. Negotiations are taking place for the three-storey semi-detached house on a 3,050 sq ft freehold site, which drew a $2.5 million top bid.