Freehold residential site at Jalan Hajijah for sale at $15.25 mil
Nearby features consist of East Coast Park and even restaurants at East Coast Lagoon Food Village and East Coast Sea Food Centre. The real property is likewise found close to credible universities like Victoria Junior University, Victoria College, Temasek Junior College and also Temasek High School, all throughout 2km of the area.
The expression of interest activity for the property will finalize on Nov 1 at 3pm.
A property non commercial area at 29A Jalan Hajijah, off Upper East Coast Road in District 16, is open for purchase by means of an expression of interest activity at a guide price of $15.25 million, or $1,298 psf on the acreage.
The site determines 11,746 sq ft and is positioned at the dead-end street of Jalan Hajijah. According to promotion broker Savills Singapore, the place has an average structure depth of about 25m including an ordinary plot distance of approximately 32m, permitting best layout performance after a front yard.
The home is 600m away from the Siglap MRT Station and the Bayshore MRT Terminal on the Thomson-East Coast Line, which is slated to open up by 2024. The East Coast Park (ECP) Expressway is likewise easily obtainable.
The estate site is zoned for property purpose with a plot ratio of 1.4 under the URA 2019 Master Plan. Savills indicates that the site could be redeveloped right into a bungalow or a store apartment with approximately 15 rooms, based on planning approval from authorities.
“This kind of is an uncommon offering for each end-users together with property developers to get a large property dead end residential plot inside an upscale district,” says Sophia Lim, affiliate supervisor of investment sales and even capital markets at Savills Singapore.
“The underlying interest for landed houses stays fairly strong in District 16, as lots of high-net-worth people and even households get on the lurk for well-located house residential properties provided the beneficial long-term expectation for this property class,” she adds.