Freehold residential site at Jalan Hajijah for sale at $15.25 mil
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 area could be redeveloped toward a bungalow or a boutique condo with approximately 15 rooms, based on considering approval from authorities.
“The underlying demand for landed houses stays relatively good in District 16, as several high-net-worth individuals and even families are on the hunt for well-located house real estates provided the favorable long-lasting expectation for this asset subdivision,” she incorporates.
Nearby amenities consist of East Coast Park and even restaurants at East Coast Lagoon Food Village and East Coast Sea Food Centre. The estate is additionally situated around respectable schools like Victoria Junior College, Victoria College, Temasek Junior College as well as Temasek High School, all inside 2km of the location.
The home is 600m far 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 likewise comfortably available.
The expression of interest activity for the building will finalize on Nov 1 at 3pm.
The area measures 11,746 sq ft and also lies at the dead end of Jalan Hajijah. According to promotion and marketing representative Savills Singapore, the place has a typical plot depth of roughly 25m and also an ordinary plot width of approximately 32m, permitting best layout performance after a garage.
A property household site at 29A Jalan Hajijah, off Upper East Coast Street in Area 16, is up for purchase through an expression of interest activity at a guide price of $15.25 million, or $1,298 psf on the land area.
“This is a rare services for both end-users and builders to get a big freehold dead end residential structure in just an upscale area,” states Sophia Lim, affiliate director of financial investment sales and even capital markets at Savills Singapore.