Freehold residential site at Jalan Hajijah for sale at $15.25 mil
An estate non commercial portion at 29A Jalan Hajijah, off Upper East Coast Road in District 16, is open for transaction through an expression of interest activity at a guide price of $15.25 million, or $1,298 psf on the land area.
The residential or commercial property is 600m far from the Siglap MRT Terminal and the Bayshore MRT Terminal on the Thomson-East Coastline Line, which is slated to open by 2024. The East Coast Park (ECP) Expressway is also comfortably available.
Close-by features include East Coast Park and even restaurants at East Coast Lagoon Food Village including East Coast Sea Food Centre. The asset is likewise positioned around trustworthy educational institutions like Victoria Junior College, Victoria College, Temasek Junior College and also Temasek High School, all inside of 2km of the site.
The estate location is zoned for housing use with a plot ratio of 1.4 under the URA 2019 Master Plan. Savills notes that the site may be redeveloped into a bungalow or a store apartment with approximately 15 units, based on preparing authorization from jurisdictions.
“This kind of is an uncommon offering for each end-users as well as property developers to get a considerable freehold dead end residential structure inside an upscale district,” states Sophia Lim, associate executive of financial investment sales and also capital markets at Savills Singapore.
“The underlying demand for landed houses stays reasonably solid in District 16, as many high-net-worth people and even households are on the hunt for well-located house buildings offered the beneficial long-term expectation for this asset subdivision,” she adds.
The location gauges 11,746 sq ft and also lies at the dead-end street of Jalan Hajijah. According to promotion and marketing representative Savills Singapore, the site has an ordinary plot measurement of roughly 25m including a typical plot distance of around 32m, permitting maximum design performance after a driveway.
The expression of interest activity for the building will finalize on Nov 1 at 3pm.