Freehold residential site at Jalan Hajijah for sale at $15.25 mil
An estate residential area at 29A Jalan Hajijah, off Upper East Coast Street in District 16, is up for purchase by means of an expression of interest exercise at an overview cost of $15.25 million, or $1,298 psf on the acreage.
“The underlying demand for real estate houses continues to be fairly good in District 16, as several high-net-worth consumers and family units are on the hunt for well-located landed properties provided the positive long-lasting outlook for this asset class,” she incorporates.
“This kind of is an unusual offering for each end-users together with builders to obtain a considerable estate dead end non commercial plot in just an affluent community,” says Sophia Lim, affiliate director of investment sales and resources markets at Savills Singapore.
The real estate is 600m far from the Siglap MRT Terminal and also the Bayshore MRT Station on the Thomson-East Coast Line, which is schedule to open by 2024. The East Coast Park (ECP) Expressway is also conveniently accessible.
The location determines 11,746 sq ft and is positioned at the dead-end street of Jalan Hajijah. According to marketing broker Savills Singapore, the site has an average plot measurement of roughly 25m and also a typical plot distance of roughly 32m, allowing best design performance after a garage.
Neighboring services feature East Coast Park plus dining establishments at East Coast Lagoon Food Village including East Coast Seafood Centre. The property is likewise situated near trustworthy schools like Victoria Junior University, Victoria College, Temasek Junior University and Temasek Secondary School, all within 2km of the location.
The property location is zoned for household purpose 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 store apartment with up to 15 rooms, based on preparing approval from authorities.
The expression of interest exercise for the residential property is going to close on Nov 1 at 3pm.