Freehold residential site at Jalan Hajijah for sale at $15.25 mil
The real estate is 600m away from the Siglap MRT Station and the Bayshore MRT Station on the Thomson-East Coast Line, which is slated to open by 2024. The East Coast Park (ECP) Expressway is also conveniently available.
The freehold location is zoned for home usage with a plot ratio of 1.4 under the URA 2019 Master Plan. Savills indicates that the site could be redeveloped toward a bungalow or a store apartment or condo with approximately 15 dwelling, subject to considering authorization from authorizations.
The expression of interest activity for the building is going to close on Nov 1 at 3pm.
“The underlying need for landed houses stays relatively strong in District 16, as numerous high-net-worth people and households are on the hunt for well-located landed buildings given the positive long-lasting overview for this asset subdivision,” she incorporates.
“This is an unusual offering for each end-users and developers to obtain a big estate dead end residential plot within an affluent area,” claims Sophia Lim, affiliate supervisor of investment sales and even funding markets at Savills Singapore.
Neighboring services consist of East Coast Park and even restaurants at East Coast Lagoon Food Village including East Coast Seafood Centre. The property is likewise positioned close to credible schools like Victoria Junior University, Victoria Institution, Temasek Junior College including Temasek Secondary School, all throughout 2km of the location.
The location determines 11,746 sq ft and also lies at the dead end of Jalan Hajijah. According to promotion agent Savills Singapore, the place has an average structure measurement of about 25m including an average structure size of approximately 32m, permitting maximum style efficiency after a front yard.
A freehold household portion at 29A Jalan Hajijah, off Upper East Coast Roadway in District 16, is open for sale via an expression of interest exercise at a guide cost of $15.25 million, or $1,298 psf on the land area.