Luxurious Freehold Detached House on Melrose Drive Hits the Market at $16.8 Million
Introduction: A Rare Opportunity in High-End Real Estate
In the world of luxury real estate, opportunities like this are few and far between. A stunning freehold detached house located on the prestigious Melrose Drive has just been listed for sale by tender, with a guide price of $16.8 million. This news has stirred excitement among high-net-worth individuals and property investors alike, eager to seize a rare chance to own a piece of Singapore’s elite residential landscape.
SORA at Lakeside Jurong is currently home to 160 units; however, they are projected to expand it to approximately 440 spacious homes.
Melrose Drive: A Synonym for Luxury and Exclusivity
The Allure of the Address
Melrose Drive isn’t just a location; it’s a statement. Nestled in the heart of District 10, this area is synonymous with affluence and exclusivity. The neighborhood boasts a serene environment, away from the hustle and bustle of the city, yet remains conveniently accessible to Singapore’s vibrant urban life.
What Makes Melrose Drive Stand Out?
But what really sets Melrose Drive apart? It’s the unique blend of tranquility and accessibility. Residents enjoy peaceful surroundings, with the city’s best amenities just a stone’s throw away. This balance is a rare find in the fast-paced world of Singapore.
A Closer Look at the Freehold Detached House
Unveiling the Property’s Features
This freehold detached house is not just a home; it’s a masterpiece. Spanning an impressive land area, the property boasts spacious living quarters, luxurious amenities, and an architectural design that blends modernity with elegance.
Why This Property Is a Must-See
What makes this property a must-see? It’s the attention to detail in every corner. From the high ceilings to the meticulously designed outdoor spaces, every aspect of this home exudes luxury and comfort.
The Financial Perspective: A $16.8 Million Investment
Breaking Down the Value
At a guide price of $16.8 million, this property represents more than just a hefty price tag. It’s an investment in a lifestyle of luxury and exclusivity. But what does this price entail? Let’s dive into the financial aspects of this investment.
Is the Price Justifiable?
Is $16.8 million a fair price for such a property? When considering the location, the size of the land, the architectural finesse, and the exclusivity of the address, the price not only seems justifiable but also presents a potential for significant appreciation in value.
The Sale Process: Understanding the Tender
What Does Sale by Tender Mean?
Sale by tender is a unique process in the real estate market. But what exactly does it entail? It’s a method where prospective buyers submit their offers in sealed envelopes, with the seller then choosing the most favorable offer.
Navigating the Tender Process
Navigating the tender process can be daunting. However, with the right guidance and understanding of the market dynamics, potential buyers can make informed decisions and submit competitive offers.
Exploring the Potential of the Property
Investment Opportunities
This property isn’t just a home; it’s a potential goldmine for investors. The real estate market in District 10 has consistently shown robust growth, making this an attractive investment opportunity.
The Future of Melrose Drive
What does the future hold for Melrose Drive? With its reputation for luxury and exclusivity, the area is poised for continued growth and demand, making investments in this locale highly promising.
FAQs About the Melrose Drive Property
- What is the guide price for the freehold detached house on Melrose Drive?
- The property is listed at a guide price of $16.8 million.
- Why is Melrose Drive considered a prestigious location?
- Melrose Drive is known for its exclusivity, tranquility, and accessibility to Singapore’s urban amenities, making it a highly sought-after address.
- What makes this property a worthwhile investment?
- The combination of its prime location, luxurious features, and the potential for value appreciation makes it an attractive investment.
- How does the sale by tender process work?
- Prospective buyers submit their offers in sealed envelopes, and the seller selects the most favorable offer.
- Can this property be considered a good long-term investment?
- Given the historical growth in property values in District 10, this property is likely to be a sound long-term investment.
- What are the unique features of this freehold detached house?
- The property boasts spacious living areas, luxurious amenities, and an elegant architectural design.
Conclusion: A Once-in-a-Lifetime Opportunity
This sale presents a once-in-a-lifetime opportunity to own a piece of Singapore’s luxury real estate. The freehold detached house on Melrose Drive, with its blend of elegance, exclusivity, and investment potential, is more than just a home—it’s a gateway to a lifestyle of unparalleled luxury. For those with the means, this is an opportunity not to be missed.