Freehold residential site at Jalan Hajijah for sale at $15.25 mil
The location measures 11,746 sq ft and also is positioned at the dead-end street of Jalan Hajijah. According to promotion representative Savills Singapore, the site has an average structure measurement of approximately 25m including an ordinary structure width of roughly 32m, allowing maximum design efficiency after a driveway.
The expression of interest exercise for the residential property close on Nov 1 at 3pm.
An estate non commercial portion at 29A Jalan Hajijah, off Upper East Coast Roadway in Area 16, is up for purchase through an expression of interest activity at an overview rate of $15.25 million, or $1,298 psf on the land area.
“This kind of is an unusual offering for both end-users as well as property developers to obtain a sizeable property dead end non commercial plot within a wealthy district,” claims Sophia Lim, associate executive of investment sales and funding markets at Savills Singapore.
The freehold site is zoned for home usage with a plot ratio of 1.4 under the URA 2019 Master Plan. Savills notes that the site could be redeveloped into a bungalow or a boutique apartment with approximately 15 rooms, subject to planning authorization from jurisdictions.
“The underlying interest for real estate residences remains relatively good in District 16, as several high-net-worth individuals and even households are on the prowl for well-located landed real estates given the favorable lasting expectation for this asset subdivision,” she includes.
The real estate is 600m away from the Siglap MRT Terminal 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.
Nearby features feature East Coast Park and even eateries at East Coast Lagoon Food Village including East Coast Sea Food Centre. The real property is additionally located near credible schools like Victoria Junior University, Victoria College, Temasek Junior University and Temasek High School, all inside 2km of the area.
