Market Insights

A rare opportunity along Vanda Drive: A newly built freehold Semi-D for multi-generational living at S$15,280,000 - 99.co

Keith Tan Boon Kee  |  ERA Division Director  |  17 Apr 2026
A rare opportunity along Vanda Drive: A newly built freehold Semi-D for multi-generational living at S$15,280,000 - 99.co
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If you've been watching the Bukit Timah landed enclave and waiting for the right moment to make your move, this listing along Vanda Drive is exactly the kind of opportunity that doesn't come around often. A newly built freehold Semi-D, freshly topped out, priced below the new-build average for the area. That combination is rare. And in a market where freehold land in District 11 is essentially a fixed supply, rare has a way of becoming expensive very quickly.

What the Numbers Are Telling Us

27 Vanda Drive is a newly built freehold semi-detached home with a TOP date of January 2026. The built-up area is around 8,600 sq ft on approximately 4,800 sq ft of land, and it's priced at S$15,280,000. That works out to roughly S$3,100 to S$3,200 PSF on built-up, which is notably below what comparable new builds in the area are transacting at.

To put that in context, newer builds along nearby streets have been changing hands at S$3,400 PSF and above, while older Semi-Ds are sitting at S$2,700 to S$2,800 PSF. So this unit sits in an interesting middle ground. It's new construction quality without the new-build premium price tag, and that gap is the conversation every serious buyer should be having.

The historical performance of this enclave backs up the confidence. A Semi-D on Vanda Drive bought for S$5.28 million in 2010 sold for S$11.28 million just two years later. A Vanda Road property went from S$2.06 million in 1999 to S$6.52 million in 2011. These aren't outliers. They're a pattern that this neighbourhood has repeated across multiple market cycles.

My Take On This

In my view, what makes this listing genuinely interesting isn't just the price. It's the design intent. This was built by an owner for multi-generational living, not packaged by a developer for maximum sellable PSF. That usually means more practical layouts, better space planning, and a finished product that a family can actually live in without spending another S$500,000 on renovations. That's a real-world saving that buyers often underestimate when they're fixated on headline PSF.

What I'm seeing on the ground is that CCR condo prices have been essentially flat, down about 0.2% in 2025, while landed continues to hold its own. That's no accident. Landed supply in Singapore is structurally constrained. There are no new Government Land Sales sites coming out in District 11. What exists is what exists. When you add a six-minute walk to Sixth Avenue MRT into that equation, which is genuinely unusual for a landed property, you have a combination that most buyers in this segment would pay a premium for.

In 25 years I've watched this pattern before. The units that get dismissed as slightly too expensive at launch are often the ones buyers wish they'd committed to two or three years later. Here's the thing most people miss: the below-market PSF on a new build doesn't last long once the property hits open market circulation at scale. The window to buy into the Vanda Drive enclave at this pricing is probably shorter than people assume.

What This Means For You

If you're an HDB upgrader, 2025 and 2026 represent a genuine inflection point. Million-dollar HDB transactions hit a record 1,598 cases in 2025, up roughly 500 from the year before. If you've been sitting on a mature flat in a good location, your exit price is likely stronger now than it was 24 months ago. The multi-generational layout of a property like 27 Vanda Drive is particularly well suited to families who want parents and adult children under one roof, which is exactly the profile that tends to make this kind of upgrade decision.

For private condo investors who are frustrated with CCR stagnation, landed in a proven enclave like Bukit Timah offers something your condominium investment doesn't: genuine scarcity. Rental yields on similar sized landed in this corridor are coming in around 3.0 to 3.6% gross, which is lower than some condo yields. But capital appreciation history here is meaningfully stronger, and you're not competing with thousands of identical units in the same development. Similar properties in the nearby Orchid Village area are renting at around S$15,000 per month for 5,000 to 5,500 sq ft homes. That's a workable income while you hold.

For overseas buyers and permanent residents with an eye on long-term Singapore exposure, freehold landed in District 11 represents one of the cleanest stores of value in this market. The cooling measures have done their job. Growth is balanced, inflation is low at around 0.9%, and interest rates are off their peaks. The risk-adjusted case for freehold landed in a mature enclave, bought below new-build comparable PSF, is as clear as I've seen it in several years.

The Bottom Line

A newly built freehold Semi-D in Vanda Drive, priced at S$3,100 to S$3,200 PSF when newer builds are transacting above S$3,400 PSF, is the kind of entry point that justifies serious attention right now. The enclave has a documented history of strong appreciation across multiple cycles, the MRT access is exceptional for landed, and the multi-generational design makes it genuinely liveable for the families most likely to buy it. If you're weighing your next move in the landed segment, or if you're an upgrader doing the numbers on whether now is the right time to make the jump, let's have that conversation properly. WhatsApp me at +65 9750 1055 or visit keithtanboonkee.com and I'll walk you through exactly how this fits your situation.

Source: 99.co

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Estimates only, not guaranteed, figures may change. Keith Tan Boon Kee, CEA Reg No. R003793E, ERA Realty Network.