Freehold residential site at Jalan Hajijah for sale at $15.25 mil
A property household portion at 29A Jalan Hajijah, off Upper East Coast Street in Area 16, is open for transaction via a statement of interest exercise at an overview price of $15.25 million, or $1,298 psf on the acreage.
The property location is zoned for housing purpose with a plot ratio of 1.4 under the URA 2019 Master Plan. Savills indicates that the site could be redeveloped right into a bungalow or a shop apartment or condo with up to 15 dwelling, subject to preparing approval from jurisdictions.
The expression of interest exercise for the residential property finalize on Nov 1 at 3pm.
The location measures 11,746 sq ft and is positioned at the dead-end street of Jalan Hajijah. According to marketing representative Savills Singapore, the site has an ordinary plot measurement of around 25m including a typical plot width of approximately 32m, permitting best style effectiveness after a front yard.
The home is 600m away from the Siglap MRT Station and also the Bayshore MRT Terminal on the Thomson-East Coastline Line, which is schedule to open up by 2024. The East Coast Park (ECP) Expressway is additionally conveniently accessible.
“The underlying demand for real estate residences remains relatively good in District 16, as many high-net-worth people and even families get on the hunt for well-located landed real estates given the favorable lasting expectation for this property class,” she includes.
“This is an uncommon offering for both end-users together with developers to obtain a big estate dead end residential structure in just an upscale district,” states Sophia Lim, affiliate supervisor of financial investment sales and funding markets at Savills Singapore.
Close-by features feature East Coast Park as well as dining establishments at East Coast Lagoon Food Village and East Coast Sea Food Centre. The estate is additionally positioned close to trustworthy universities like Victoria Junior University, Victoria School, Temasek Junior University and Temasek Secondary School, all throughout 2km of the area.