Despite the wavering global economy, most of the cash-rich will remain cash-rich. Thus a $82-million price tag on an Adam Road bungalow is not surprising. And it wouldn’t be surprising either that someone might take the offer up sooner than expected.
Situated on Jalan Asuhan, also know as “Bankers Lane”, near Serene Centre and Coronation plaza, this 45,155 sq ft site will now also feature a major transport node, the up-and-coming Botanic Gardens MRT Station. It will also be near enough to a range of good schools along the Bukit Timah stretch, but yet exclusive enough to have an extensive land area to call your own.
As one of the few remaining good class bungalows in Singapore, the mere size of this plot of land makes it rarer than rare. And if it’s too rich for the taste, it can also be split into two, making perhaps a profit for the new owner. The most recent big-ticket sale in the same area was a $28-million Chee Hoon Avenue property.
Will the latest cooling measures however, be a deterrent to potential property investors?