Freehold residential site at Jalan Hajijah for sale at $15.25 mil
“This kind of is a rare services for both end-users and developers to obtain a considerable freehold dead end non commercial structure inside a wealthy area,” says Sophia Lim, affiliate executive of investment sales and even resources markets at Savills Singapore.
The residential property is 600m away from the Siglap MRT Station and also the Bayshore MRT Station on the Thomson-East Coastline Line, which is schedule to open up by 2024. The East Coast Park (ECP) Expressway is additionally easily accessible.
Nearby amenities feature East Coast Park plus dining establishments at East Coast Lagoon Food Village including East Coast Seafood Centre. The property is also situated near trusted educational institutions like Victoria Junior College, Victoria School, Temasek Junior University including Temasek Secondary School, all within 2km of the area.
The site measures 11,746 sq ft as well as is located at the dead end of Jalan Hajijah. According to marketing broker Savills Singapore, the place has a typical structure measurement of roughly 25m and a typical plot size of about 32m, enabling maximum design effectiveness after a driveway.
“The underlying need for real estate homes remains reasonably good in District 16, as several high-net-worth consumers and also families get on the lurk for well-located landed buildings provided the positive lasting overview for this property class,” she incorporates.
The freehold site is zoned for household usage with a structure ratio of 1.4 under the URA 2019 Master Plan. Savills indicates that the site can be redeveloped into a bungalow or a shop apartment or condo with approximately 15 units, subject to planning approval from jurisdictions.
A property portion at 29A Jalan Hajijah, off Upper East Coast Roadway in Area 16, is open for business using a statement of interest exercise at a guide price of $15.25 million, or $1,298 psf on the land area.
The expression of interest exercise for the property is going to finalize on Nov 1 at 3pm.