As we all know, property prices in Singapore are still pretty high at the moment. Even older leasehold landed properties are not bucking the trend: at the time of writing, there were 4 units at Kingsville for sale, ranging from $4.7 million to $17.8 million (999-year leasehold.) The lease of Kingsville, located at Kings Drive in the Coronation/Farrer area, started in 1996, so it’s almost 30 years into its lease, which may lead you to think that it would be hard to sell a property here.
However, in 2024 alone, there were 4 sales in the area, each more expensive than the last: the first sale in 2024 was for $3.96 million and the most recent one in May, was for $5.15 million. Similarly, in 2023, there were 7 sales. This led me to wonder about the area’s appeal, so I decided to feature it in this week’s article. Let’s have a look!
Note: According to PropertyGuru, Kingsville is a 99-year leasehold development, but according
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