Freehold residential site at Jalan Hajijah for sale at $15.25 mil
The estate site is zoned for home use with a structure ratio of 1.4 under the URA 2019 Master Plan. Savills mentions that the site may be redeveloped right into a bungalow or a shop apartment or condo with up to 15 rooms, subject to planning approval from authorizations.
The location gauges 11,746 sq ft and is located at the cul-de-sac of Jalan Hajijah. According to advertising broker Savills Singapore, the place has an ordinary structure measurement of about 25m including an ordinary structure distance of approximately 32m, permitting maximum layout effectiveness after a front yard.
The property is 600m away from the Siglap MRT Station and also the Bayshore MRT Station on the Thomson-East Coastline Line, which is slated to open up by 2024. The East Coast Park (ECP) Expressway is also easily available.
“The underlying interest for landed residences stays relatively strong in District 16, as many high-net-worth consumers and also families are on the prowl for well-located landed buildings offered the beneficial long-term expectation for this asset class,” she incorporates.
“This kind of is a rare offering for both end-users together with property developers to get a considerable estate dead end residential structure within a wealthy community,” states Sophia Lim, associate executive of investment sales and also resources markets at Savills Singapore.
Close-by amenities include East Coast Park as well as eateries at East Coast Lagoon Food Village including East Coast Seafood Centre. The property is additionally located near respectable schools like Victoria Junior University, Victoria School, Temasek Junior College and also Temasek High School, all throughout 2km of the location.
An estate residential side at 29A Jalan Hajijah, off Upper East Coast Street in District 16, is up for transaction via an expression of interest exercise at an overview price of $15.25 million, or $1,298 psf on the acreage.
The expression of interest activity for the property is going to close on Nov 1 at 3pm.