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 Terminal on the Thomson-East Coastline Line, which is slated to open up by 2024. The East Coast Park (ECP) Expressway is additionally comfortably accessible.
The location determines 11,746 sq ft and also lies at the dead-end street of Jalan Hajijah. According to marketing agent Savills Singapore, the site has a typical structure measurement of around 25m and also a typical structure distance of roughly 32m, permitting best design performance after a front yard.
“This is an uncommon offering for each end-users as well as property developers to obtain a considerable freehold dead end housing structure inside a wealthy area,” says Sophia Lim, affiliate supervisor of financial investment sales and also resources markets at Savills Singapore.
Close-by features include East Coast Park plus dining establishments at East Coast Lagoon Food Village and even East Coast Sea Food Centre. The real property is likewise positioned near trusted educational institutions like Victoria Junior University, Victoria School, Temasek Junior College including Temasek Secondary School, all throughout 2km of the site.
The expression of interest exercise for the property will close on Nov 1 at 3pm.
The property location is zoned for property purpose with a plot ratio of 1.4 under the URA 2019 Master Plan. Savills mentions that the area could be redeveloped toward a bungalow or a store apartment or condo with up to 15 rooms, based on planning approval from authorizations.
“The underlying need for real estate homes continues to be relatively strong in District 16, as several high-net-worth people and also families are on the prowl for well-located landed residential properties given the positive long-lasting overview for this possession subdivision,” she includes.
A freehold non commercial area at 29A Jalan Hajijah, off Upper East Coast Roadway in District 16, is open for sale by means of an expression of interest exercise at an overview cost of $15.25 million, or $1,298 psf on the land area.