Freehold residential site at Jalan Hajijah for sale at $15.25 mil
“This is a rare offering for both end-users and developers to obtain a big property dead end personal plot inside a wealthy area,” says Sophia Lim, affiliate supervisor of financial investment sales and funding markets at Savills Singapore.
“The underlying demand for real estate residences continues to be fairly strong in District 16, as several high-net-worth people and even households get on the hunt for well-located landed real estates provided the positive long-term outlook for this possession subdivision,” she adds.
An estate non commercial area at 29A Jalan Hajijah, off Upper East Coast Street in District 16, is up for purchase through an expression of interest exercise at an overview price of $15.25 million, or $1,298 psf on the land area.
The property is 600m far from the Siglap MRT Station and the Bayshore MRT Terminal on the Thomson-East Coastline Line, which is schedule to open by 2024. The East Coast Park (ECP) Expressway is likewise comfortably easily accessible.
Neighboring features consist of East Coast Park and even eateries at East Coast Lagoon Food Village and even East Coast Seafood Centre. The asset is additionally found close to reliable universities like Victoria Junior College, Victoria Institution, Temasek Junior University including Temasek Secondary School, all inside 2km of the site.
The location measures 11,746 sq ft and lies at the dead-end street of Jalan Hajijah. According to promotion agent Savills Singapore, the place has a typical plot depth of roughly 25m and an average plot distance of around 32m, permitting optimal layout performance after a front yard.
The freehold site is zoned for residential use with a structure ratio of 1.4 under the URA 2019 Master Plan. Savills mentions that the area may be redeveloped into a bungalow or a store apartment with approximately 15 dwelling, subject to preparing approval from authorizations.
The expression of interest activity for the building finalize on Nov 1 at 3pm.