Bank sale of amalgamated five-bedroom unit at Northwood for $3.24 mil
By Timothy Tay
/ EdgeProp Singapore |
The interior of the amalgamated unit. It consists of a two-bedroom and a three bedroom-plus-study unit. (Picture: Knight Frank)
SINGAPORE (EDGEPROP) - A 3,240 sq ft, five-bedroom unit at Northwood in District 27 will be on the block at Knight Frank’s next property auction on May 19. A bank sale, this unit is an amalgamation of two ground-floor units that will be sold as-is at a guide price of $3.24 million.
According to the property listing, the unit comprises two adjoining units that were originally a 1,604 sq ft three-bedroom unit and a 1,636 sq ft three bedroom unit. Although each unit is worth $1.62 million separately, they must be purchased together due to the amalgamation.
In total, the combined unit features a living and dining room, two kitchens, two en suite master bedrooms, three common bedrooms, a study room, two common bathrooms, two utility rooms and seperate personal enclosed spaces (PES).
The unit also comes with a ground floor private enclosed space. (Picture: Knight Frank)
Northwood is a freehold condo on Jalan Mata Ayer, off Sembawang Road. The development is surrounded by two landed neighbourhoods comprising three-storey mixed landed and semi-detached houses.
Neighbouring private residential developments include the 99-year leasehold Euphony Gardens, also on Jalan Mata Ayer, and Spring Waters Villas, a new landed development comprising six semi-detached houses.
Community amenities in the area include Chong Pang City, Khoo Teck Puat Hospital and Yishun Community Hospital. Yishun MRT Station on the North-South Line is also close by and the station is linked to Northpoint integrated development. Schools in the vicinity are Jiemin Primary School, Yishun Secondary School and Yishun Innova Junior College.
A list of nearby amenitites around Northwood, presented on EdgeProp's research tool. (Map: EdgeProp)
The 140-unit Northwood condo was completed in 2009 and it comprises a mix of two- to four-bedroom units that range from 1,130 sq ft to 2,293 sq ft. According to URA caveats, the most expensive unit sold so far at Northwood was a 2,228 sq ft, four-bedder that was sold in May 2021 for $2 million ($898 psf).
Resale data also shows that prices at Northwood have climbed steadily over the past few years, from about $835 psf in April 2014 to $954 psf last month. Last year, there were four resale transactions at the condo that ranged from the sale of a 1,313 sq ft three bedroom unit for $1.4 million ($1,066 psf) on Feb 21, 2022, to a 1,625 sq ft four-bedder that fetched $1.78 million ($1,095 psf) on May 5, 2022.
The opportunity to acquire an amalgamated five-bedroom unit at Northwood is rare considering the largest units in the development are four bedders that go up to 2,293 sq ft. In comparison, the Northwood unit for sale is 3,240 sq ft. Even at the nearby leasehold project Euphony Gardens, the largest units are three- and four bedroom units ranging from 1,023 sq ft to 2,454 sq ft.
The 140-unit Northwood condo was completed in 2009 and it comprises a mix of two- to four-bedroom units. (Picture: Knight Frank)
Check out the latest listings near Northwood, Euphony Gardens, Spring Waters Villas, Yishun MRT Station, Jiemin Primary School, Yishun Secondary School, Yishun Innova Junior College
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