Bungalow on Sixth Avenue to debut at $10.8 mil

The bungalow will be put up for auction on Dec 14 at a guide price of $10.8 mil (Credit: Knight Frank Singapore)

A 2½-storey bungalow at 33 Lotus Avenue, located off Sixth Avenue in prime District 10, will be put up for auction by Knight Frank Singapore on Dec 14 at a price tag of $10.8 million ($2,324 psf). The property is a mortgagee sale, and this will be the first time that it will be put up for auction.

The previous owner purchased the property in 2007, and at that time, it was zoned as a semi-detached house. To safeguard the landed housing estate, a semi-detached property can only be rezoned as a detached house if the site area is at least 400 sq m (4,306 sq ft).

As the semi-detached house, built in 1975, had a land area of 4,647 sq ft, the owner rezoned it as a detached house. The original house was torn down and rebuilt into a new 2½-storey detached house with a built-up area of 8,036 sq ft.

View from the living room of 33 Lotus Avenue (Credit: Knight Frank Singapore)

Construction of the detached house was completed in 2014. It contains five en suite bedrooms: the master suite and two bedrooms are on the second level, while two other bedrooms are in the attic. The master suite comes with a walk-in wardrobe and a Jacuzzi in the master bathroom. The living and dining room on the first level opens out to a 15m lap pool. The basement includes three rooms, a steam room, an entertainment room and a maid’s room.

The roof terrace on the attic level commands a view of the Bukit Timah Nature Reserve as well as the Bukit Timah neighbourhood, a low-rise, prime landed residential estate, says Sharon Lee, senior director and head of auction and sales at Knight Frank.

The semi-detached property was transacted twice in 2007. According to caveats lodged with URA Realis, a buyer paid $3.25 million ($699 psf) for the house in January, and flipped it six months later for $4.92 million ($1,059 psf) in July.

See Also:

• Singapore Property for Sale & Rent, Latest Property News, Advanced Analytics Tools

• Unit at The Metz fetches $1.35 mil

• UNDER THE HAMMER: Unit at VisionCrest going for $2.25 mil

• Mortgagee sale at Clover By The Park in Bishan

• UNDER THE HAMMER: Mortgagee sale of unit at The Scotts Tower for $2.85 mil

• En Bloc Calculator, Find Out If Your Condo Will Be The Next en-bloc

• HDB Resale Flats Up For Sale, Affordable Units Available