Freehold residential site at Jalan Hajijah for sale at $15.25 mil
Close-by features include East Coast Park as well as eateries at East Coast Lagoon Food Village including East Coast Seafood Centre. The property is additionally found close to credible universities like Victoria Junior College, Victoria Institution, Temasek Junior College as well as Temasek High School, all within 2km of the area.
“This is a rare services for both end-users as well as builders to acquire a sizeable property cul-de-sac non commercial plot in just a wealthy district,” claims Sophia Lim, affiliate executive of financial investment sales and even funding markets at Savills Singapore.
The real estate is 600m far from the Siglap MRT Terminal and also the Bayshore MRT Terminal on the Thomson-East Coast Line, which is slated to open up by 2024. The East Coast Park (ECP) Expressway is additionally comfortably available.
The expression of interest activity for the property finalize on Nov 1 at 3pm.
The area gauges 11,746 sq ft as well as lies at the dead-end street of Jalan Hajijah. According to marketing broker Savills Singapore, the site has a typical structure depth of roughly 25m and also a typical structure width of approximately 32m, permitting best style effectiveness after a front yard.
A freehold residential area at 29A Jalan Hajijah, off Upper East Coast Road in District 16, is open for transaction by means of a statement of interest exercise at an overview cost of $15.25 million, or $1,298 psf on the land area.
The estate site is zoned for housing purpose with a plot ratio of 1.4 under the URA 2019 Master Plan. Savills notes that the site can be redeveloped into a bungalow or a store condo with approximately 15 dwelling, subject to considering approval from jurisdictions.
“The underlying need for landed houses remains fairly strong in District 16, as numerous high-net-worth professionals and households get on the prowl for well-located landed residential properties offered the favorable lasting expectation for this property subdivision,” she includes.