Freehold residential site at Jalan Hajijah for sale at $15.25 mil

The area gauges 11,746 sq ft and also lies at the dead-end street of Jalan Hajijah. According to promotion agent Savills Singapore, the site has an ordinary structure measurement of around 25m including an ordinary structure width of about 32m, allowing maximum style effectiveness after a driveway.

Neighboring services feature East Coast Park and even restaurants at East Coast Lagoon Food Village including East Coast Seafood Centre. The real property is additionally found around reputable schools like Victoria Junior University, Victoria Institution, Temasek Junior College as well as Temasek High School, all inside 2km of the location.

“The underlying need for landed houses remains reasonably solid in District 16, as many high-net-worth individuals and even families are on the prowl for well-located landed properties given the favorable long-lasting overview for this asset subdivision,” she incorporates.

An estate property site at 29A Jalan Hajijah, off Upper East Coast Street in Area 16, is up for transaction by means of a statement of interest activity at an overview rate of $15.25 million, or $1,298 psf on the land area.

The estate location is zoned for household usage with a structure ratio of 1.4 under the URA 2019 Master Plan. Savills mentions that the area can be redeveloped toward a bungalow or a shop apartment with up to 15 rooms, subject to considering approval from authorizations.

“This is an unusual offering for both end-users and property developers to obtain a sizeable estate dead end residential plot within a wealthy area,” says Sophia Lim, affiliate executive of investment sales and even resources markets at Savills Singapore.

Piccadilly Grand Singapore

The expression of interest exercise for the residential property is going to close on Nov 1 at 3pm.

The residential or commercial property is 600m away from the Siglap MRT Station and also the Bayshore MRT Station on the Thomson-East Coast Line, which is schedule to open up by 2024. The East Coast Park (ECP) Expressway is additionally easily accessible.