Singapore Ridley Park bungalow listed, similar assets up to S$100 million

Prime Ridley Park Bungalow Offered

Huttons Asia has initiated an expression of interest (EOI) for a freehold bungalow situated in Ridley Park, a Good Class Bungalow (GCB) enclave within Singapore's prime District 10. The property spans approximately 27,443 sq ft of land. It currently features a two-storey residence with about 11,000 sq ft of built-up area. This offering targets high-net-worth individuals seeking a significant residential asset in a coveted location.

Market Pricing and Flexibility

While Huttons Asia, the exclusive marketing agency, did not disclose a guide price for this specific asset, market listings on the PropertyGuru platform show comparable bungalows in Ridley Park with asking prices ranging from S$45 million to S$100 million.

For instance, a 27,400 sq ft land parcel with an 11,000 sq ft built-up bungalow was listed by Knight Frank at S$100 million, translating to S$3,650 per square foot (psf) on the land area. Buyers have the option to enhance the existing property or undertake a complete redevelopment, subject to regulatory approvals.

Property Features and Appeal

The existing two-storey bungalow includes five en-suite bedrooms, a helper’s room, an expansive garden, a large swimming pool, and generous parking. Mey Lim, an associate division director at Huttons Asia, highlighted the property's substantial land area and the flexibility it offers for additions and alterations (A&A) or redevelopment.

Lim noted its "predominantly square parcel" provides significant customisation potential for families looking to create a distinctive private residence.