The estate representing the former owner of a freehold bungalow at 15 Matlock Rise has put up the property for sale, and is expecting offers in the region of $18 million. The property will be sold in an Expression of Interest (EOI) exercise by JLL, the sole marketing agent. Located in the Braddell Heights estate in District 12, the two-storey landed house sits on a 10,197 sq ft site. If the property is sold for $18 million, it would translate to $1,765 psf on the land area. Notably, the relatively large size of the landed plot means that a developer, or even a homeowner, could have the option of redeveloping the site into two new bungalows. The site has a 25.9m frontage along Matlock Rise and a depth of 36.5m. Based on the master plan, this part of Braddell Heights is a two-storey landed housing estate. Alternatively, the existing house, which has a built-up area of 5,514 sq ft, could also be...