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

An estate non commercial site at 29A Jalan Hajijah, off Upper East Coast Roadway in District 16, is open for sale through an expression of interest exercise at a guide price of $15.25 million, or $1,298 psf on the acreage.

The residential or commercial property is 600m far from the Siglap MRT Terminal and the Bayshore MRT Terminal on the Thomson-East Coast Line, which is slated to open by 2024. The East Coast Park (ECP) Expressway is also conveniently available.

“The underlying need for landed homes remains reasonably strong in District 16, as several high-net-worth professionals and families are on the hunt for well-located house residential properties offered the beneficial long-term outlook for this property class,” she includes.

The expression of interest activity for the building will finalize on Nov 1 at 3pm.

The area determines 11,746 sq ft as well as lies at the dead end of Jalan Hajijah. According to promotion agent Savills Singapore, the site has an average structure depth of about 25m including an average plot size of approximately 32m, permitting optimal layout effectiveness after a driveway.

The property location is zoned for property usage with a plot ratio of 1.4 under the URA 2019 Master Plan. Savills indicates that the area can be redeveloped toward a bungalow or a shop apartment with up to 15 dwelling, based on planning approval from authorizations.

“This is a rare offering for both end-users and builders to get a large property cul-de-sac housing plot inside an upscale area,” says Sophia Lim, associate supervisor of financial investment sales and even funding markets at Savills Singapore.

One Bernam MCC Land and HY Realty

Neighboring amenities feature East Coast Park as well as dining establishments at East Coast Lagoon Food Village and even East Coast Seafood Centre. The real property is likewise found near trusted universities like Victoria Junior College, Victoria School, Temasek Junior College as well as Temasek High School, all inside 2km of the location.