Wywy Group’s portfolio of nine villas at Oei Tiong Ham Park Residences, which is for sale for between S$8 million and S$13 million each unit, or approximately S$100 million altogether, has a selling guide price of between S$8 million and S$13 million per unit, according to CBRE.
There are three three-story plus rooftop buildings with apartments on each level in the freehold luxury property.
The four or five-bedroom apartments vary from 3,401 sq ft to 5,888 sq ft, ranging in price from approximately S$2,500 per sq ft.
The property was sold due to high demand for big flats in the market, as reported by CBRE.
Linda Chern, the executive director of CBRE’s residential services division, mentioned: “Wywy Group has been sought out by both agents and clients recently. The firm thought that it was a good moment to buy because of current market conditions and Singapore’s optimistic outlook.
The villas each have their own dedicated parking spaces, private lifts, private gardens, and their own swimming pools.
A rare chance for ultra-high-net-worth people and investors to purchase a unique freehold property in one of Singapore’s premier Good Class Bungalow (GCB) locations has arisen with the launch of Oei Tiong Ham Park Residences.
Foreigners, given their inability to easily buy land in Singapore, were given this residential complex as an exemption. Demand for luxury flats in Singapore is expected to be especially strong when overseas UHNWIs (ultra-high net worth individuals) return from their travels, bringing their money with them.
This location is close to the Holland Village MRT and Botanic Gardens, which are both only five minutes away by foot.
Methodist Girls’ School, National Junior College, Hwa Chong Institution, United World College, and Anglo Chinese School are located in the neighborhood (Independent).