Freehold residential site at Jalan Hajijah for sale at $15.25 mil
A freehold property site at 29A Jalan Hajijah, off Upper East Coast Street in District 16, is up for purchase through an expression of interest activity at an overview cost of $15.25 million, or $1,298 psf on the acreage.
The expression of interest exercise for the residential property will close on Nov 1 at 3pm.
The site measures 11,746 sq ft as well as is positioned at the dead end of Jalan Hajijah. According to promotion and marketing representative Savills Singapore, the place has a typical plot depth of around 25m including an ordinary structure distance of roughly 32m, permitting best design performance after a garage.
Neighboring services consist of East Coast Park plus eateries at East Coast Lagoon Food Village and East Coast Sea Food Centre. The property is also positioned around respectable universities like Victoria Junior College, Victoria School, Temasek Junior University as well as Temasek High School, all within 2km of the area.
“The underlying need for landed residences remains fairly strong in District 16, as several high-net-worth consumers and also family units are on the prowl for well-located house residential properties given the favorable lasting expectation for this asset class,” she adds.
“This is an uncommon offering for both end-users and property developers to get a considerable freehold dead end personal structure in just an upscale community,” claims Sophia Lim, associate executive of financial investment sales and also capital markets at Savills Singapore.
The residential or commercial property is 600m far from the Siglap MRT Station and also the Bayshore MRT Terminal on the Thomson-East Coast Line, which is schedule to open by 2024. The East Coast Park (ECP) Expressway is likewise easily available.
The property location is zoned for housing usage with a structure ratio of 1.4 under the URA 2019 Master Plan. Savills notes that the site may be redeveloped toward a bungalow or a store apartment with up to 15 dwelling, subject to considering authorization from authorizations.