Emerald Hill conservation terraced house on a 1,747 sq ft plot sells for $10.3 mil/$5,896 psf
SINGAPORE – A conservation terraced house on a 1,747 sq ft story of freehold land along Emerald green Hill Roadway was costs a record price of $5,896 psf (acreage), or $10.3 million on Jan 18.
The record was formerly held by a 1,508 sq ft terraced house on Emerald green Hillside Roadway, which was sold for $8 million ($5,305 psf). “In the past 2 years, transactions below have been between $3,900 as well as $4,100 psf on the acreage,” states Susan Prior, the handling supervisor of Isabel Redrup Agency, the special advertising and marketing representative for the home.
A double-storey terraced home with an attic, the residential property has five bedrooms, of which 2 are en suite. It has a double-volume ceiling height at the dining location on the first flooring while the family location is on the 2nd floor. On the roof covering terrace, there is a little swimming pool and also a shaded pavilion. The overall gross floor location actions around 5,000 sq ft. Therefore, the price of $10.3 million translates to $2,060 psf on floor area.
The outside of the house is in the Chinese baroque architectural design, which includes detailed wood carvings, ceramic tilework as well as ornate entrances. This is normal of the terraced homes at the Emerald Hill conservation area, which were developed at the turn of the 20th century by well-off Chinese and also Straits-Chinese sellers. The number at around 150. The location was declared a conservation area by the URA in 1985 and gazetted four years later on.
The building had actually gotten on the market for six weeks before it was bought by a local family, claims Prior. The vendor had actually bought it formerly in September 2016 for $6.28 million ($3,595 psf), according to the URA caution lodged.
The Emerald green Hillside sanctuary is located off Orchard Road and also Cairnhill Road in prime District 9. It is a 10-minute stroll from Somerset MRT Terminal and the surrounding mall like 313 Somerset and The Centrepoint.
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