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

Close-by features include East Coast Park and dining establishments at East Coast Lagoon Food Village and East Coast Seafood Centre. The estate is likewise situated around trustworthy universities like Victoria Junior College, Victoria School, Temasek Junior College and Temasek Secondary School, all throughout 2km of the area.

The property site is zoned for property usage with a structure ratio of 1.4 under the URA 2019 Master Plan. Savills mentions that the area may be redeveloped right into a bungalow or a shop apartment or condo with up to 15 rooms, subject to planning approval from authorities.

The expression of interest activity for the property is going to finalize on Nov 1 at 3pm.

A freehold property area at 29A Jalan Hajijah, off Upper East Coast Street in Area 16, is up for sale through a statement of interest exercise at an overview rate of $15.25 million, or $1,298 psf on the acreage.

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“The underlying interest for landed houses continues to be reasonably solid in District 16, as many high-net-worth people and households are on the lurk for well-located landed properties offered the beneficial long-lasting expectation for this property class,” she adds.

The home is 600m away from the Siglap MRT Station and the Bayshore MRT Station on the Thomson-East Coastline Line, which is schedule to open by 2024. The East Coast Park (ECP) Expressway is also conveniently available.

“This is an uncommon offering for both end-users together with developers to acquire a sizeable property cul-de-sac personal plot within an upscale district,” states Sophia Lim, associate executive of investment sales and also funding markets at Savills Singapore.

The area measures 11,746 sq ft and also is positioned at the dead-end street of Jalan Hajijah. According to promotion and marketing agent Savills Singapore, the site has an ordinary plot depth of roughly 25m and also a typical structure size of around 32m, allowing best design efficiency after a front yard.