You’ve probably heard of a 99-1 property ownership arrangement, but how about owning a one-seventh stake of a sprawling bungalow in prime District 9?
This unusual sale is the result of a court-ordered receiver’s sale. What makes this even more tantalising is the type of property this partial sale involves.
The property is 5 Oxley Rise, a sprawling 151,204 sq ft plot that features a grand two-storey bungalow with single-storey outhouses. The site also includes an access road bordering its eastern boundary.
This hilltop bungalow plot is just minutes away from the Orchard Road shopping belt and Dhoby Ghaut MRT station.
The property is on an exceptionally large freehold parcel within this prime district. Even by the standards of most Good Class Bungalows (GCBs), the size of the plot at 5 Oxley Rise is one of the largest unsubdivided plots.
But this is no Good Class Bungalow. In fact, about 117,229 sq ft of the plot (or about 78% of the entire site)...