A 99-year leasehold semi-detached house located in District 16’s Kew Heights will make its appearance at SRI’s upcoming auction on March 15. The three-storey property is situated on a 3,034 sq ft corner plot and has a guide price of $3.65 million, translating to a land rate of $1,203 psf.This is the first time the property, which is being sold by a mortgagee, will be offered for sale via auction. It will come with vacant possession and has a floor area of 4,436 sq ft spread across three levels. The ground level boasts a living hall with a double-volume ceiling, an adjoining dining area, a kitchen, and a helper’s room. On the upper two levels, there are six bedrooms, a family area, and a storeroom. The property also includes a car porch and a backyard area.According to Mok Sze Sze, managing partner of auctions and sales at SRI, potential buyers could potentially convert some of the open spaces into additional bedrooms, making it suitable for large or multi-generational families. The property’s guide price of $1,203 psf is also one of the lowest in the area in terms of land rate, according to Mok. Public records show that the property was last sold in November 2021 for $3.19 million ($1,051 psf).In the past year, two other 99-year leasehold landed properties within the Kew Vale estate have been sold. The most recent transaction was in February, where a three-storey semi-detached house on Kew Heights went for $3.35 million with a land area of 2,396 sq ft, equating to a land rate of $1,398 psf. The other sale was in January of a three-storey terraced house on Kew Drive with a 2,300 sq ft plot for $3.26 million, translating to a land rate of $1,417 psf.In recent years, prices of 99-year leasehold semi-detached properties in the Kew Vale estate have been on the rise. Based on URA Realis data, seven semi-detached houses were sold between 2023 and 2024 at an average land rate of $1,213 psf, higher than the average of $1,002 psf from seven transactions between 2021 and 2022.The area is conveniently located near major expressways such as the East Coast Parkway (ECP) via Bayshore Road and will also have access to the upcoming Bedok South MRT Station along the Thomson-East Coast Line, slated to open in the second half of 2026. Families with school-going children will appreciate the proximity to schools such as Temasek Primary and Secondary Schools, Bedok South Secondary, and Bedok View Secondary.View listings for properties in Kew Vale at Ask BuddyView sale transactions for Kew Vale propertiesExplore sale transactions for condos in District 16Compare the price trends for new sale properties and executive condominiums in District 16Discover the most expensive condominium projects in District 16Explore any unprofitable transactions in Kew Vale through our database.