In the context of Singapore's real estate market, the selling price of a semi-detached house can vary significantly based on several factors, including the location, land size, built-up area, and the property's condition.
For a semi-detached house located on Lakme Street, which is likely in a desirable area, a land size of about 3,000 square feet is considerable. Here are some points to consider:
- Location: Areas like Lakme Street, often found in upscale neighborhoods, can command high prices due to their desirability and proximity to amenities.
- Land Size: A 3,000 square foot land size is substantial for a semi-detached house, which can support a larger built-up area and more luxurious features.
- Condition and Features: A newly rebuilt semi-detached house would likely have modern amenities, high-quality finishes, and possibly additional features such as a swimming pool, lift, or extensive landscaping, all of which can increase the value.
- Market Trends: The current market trends and recent sales data in the area would also influence the selling price.
Given these factors, a selling price of $9.9 million for a newly rebuilt semi-detached house on Lakme Street with a 3,000 square foot land size is plausible. This aligns with the general price range for high-end semi-detached properties in desirable areas, where prices can range from $6 million to over $10 million, depending on the specifics of the property.
To get a more accurate estimate, it would be beneficial to consult recent transaction data and market reports specific to the area, as well as to engage with a real estate agent who has expertise in the local market.
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