Freehold residential site at Jalan Hajijah for sale at $15.25 mil
“This kind of is an unusual services for both end-users and property developers to obtain a considerable freehold cul-de-sac housing structure inside an upscale community,” claims Sophia Lim, affiliate executive of financial investment sales and even funding markets at Savills Singapore.
“The underlying demand for landed homes remains reasonably good in District 16, as lots of high-net-worth professionals and even households are on the prowl for well-located landed buildings provided the favorable lasting expectation for this possession class,” she includes.
The expression of interest activity for the real estate is going to finalize on Nov 1 at 3pm.
The site measures 11,746 sq ft and also lies at the dead-end street of Jalan Hajijah. According to advertising agent Savills Singapore, the place has an average plot measurement of roughly 25m including a typical structure width of about 32m, allowing best style performance after a garage.
The real estate is 600m away from the Siglap MRT Terminal and also the Bayshore MRT Terminal on the Thomson-East Coast Line, which is schedule to open up by 2024. The East Coast Park (ECP) Expressway is likewise comfortably easily accessible.
Nearby features include East Coast Park and even eateries at East Coast Lagoon Food Village and East Coast Sea Food Centre. The property is likewise situated close to respectable universities like Victoria Junior University, Victoria Institution, Temasek Junior University and Temasek Secondary School, all inside 2km of the area.
The estate site is zoned for housing use with a structure 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 or condo with approximately 15 rooms, based on planning approval from authorities.
An estate non commercial portion at 29A Jalan Hajijah, off Upper East Coast Street in Area 16, is up for business through an expression of interest activity at an overview cost of $15.25 million, or $1,298 psf on the land area.