Freehold residential site at Jalan Hajijah for sale at $15.25 mil
The property location is zoned for residential purpose with a plot ratio of 1.4 under the URA 2019 Master Plan. Savills mentions that the area may be redeveloped into a bungalow or a shop apartment or condo with up to 15 units, based on considering authorization from authorizations.
The area determines 11,746 sq ft as well as lies at the dead end of Jalan Hajijah. According to promotion representative Savills Singapore, the place has an average plot measurement of approximately 25m and also an average plot width of roughly 32m, enabling best design effectiveness after a driveway.
“The underlying demand for landed residences remains reasonably strong in District 16, as lots of high-net-worth professionals and even family units get on the lurk for well-located landed buildings provided the favorable long-lasting expectation for this possession subdivision,” she adds.
Neighboring services consist of East Coast Park and even dining establishments at East Coast Lagoon Food Village and East Coast Sea Food Centre. The property is likewise found close to respectable universities like Victoria Junior College, Victoria School, Temasek Junior College and Temasek High School, all throughout 2km of the location.
The expression of interest exercise for the property finalize on Nov 1 at 3pm.
The residential or commercial property is 600m away from the Siglap MRT Terminal and also the Bayshore MRT Terminal on the Thomson-East Coast Line, which is schedule to open up by 2024. The East Coast Park (ECP) Expressway is also comfortably available.
“This kind of is an uncommon offering for both end-users together with property developers to obtain a large estate dead end non commercial structure within an affluent community,” says Sophia Lim, affiliate supervisor of investment sales and even resources markets at Savills Singapore.
A freehold residential portion at 29A Jalan Hajijah, off Upper East Coast Street in District 16, is up for transaction using an expression of interest exercise at an overview rate of $15.25 million, or $1,298 psf on the acreage.