Freehold residential site at Jalan Hajijah for sale at $15.25 mil
The residential or commercial property is 600m far from the Siglap MRT Station and the Bayshore MRT Station on the Thomson-East Coast Line, which is schedule to open by 2024. The East Coast Park (ECP) Expressway is additionally conveniently obtainable.
An estate non commercial area at 29A Jalan Hajijah, off Upper East Coast Road in District 16, is up for purchase through a statement of interest exercise at an overview cost of $15.25 million, or $1,298 psf on the acreage.
The estate site is zoned for home purpose with a structure ratio of 1.4 under the URA 2019 Master Plan. Savills indicates that the site may be redeveloped right into a bungalow or a boutique apartment with as much as 15 rooms, based on considering approval from jurisdictions.
“This kind of is an unusual services for each end-users together with developers to obtain a big property cul-de-sac housing structure within a wealthy community,” states Sophia Lim, associate executive of investment sales and even funding markets at Savills Singapore.
The area gauges 11,746 sq ft and also is positioned at the cul-de-sac of Jalan Hajijah. According to marketing agent Savills Singapore, the site has an average plot measurement of about 25m and also an ordinary plot distance of around 32m, allowing optimal style efficiency after a front yard.
Nearby facilities feature East Coast Park including restaurants at East Coast Lagoon Food Village and East Coast Sea Food Centre. The real property is also positioned close to credible schools like Victoria Junior University, Victoria Institution, Temasek Junior University as well as Temasek High School, all throughout 2km of the location.
The expression of interest activity for the residential property will close on Nov 1 at 3pm.
“The underlying interest for landed residences remains relatively good in District 16, as numerous high-net-worth consumers and family units get on the lurk for well-located house buildings provided the positive long-lasting outlook for this possession subdivision,” she adds.