Freehold residential site at Jalan Hajijah for sale at $15.25 mil
A property area at 29A Jalan Hajijah, off Upper East Coast Road in Area 16, is open for business using a statement of interest exercise at an overview price of $15.25 million, or $1,298 psf on the acreage.
Nearby facilities consist of East Coast Park and dining establishments at East Coast Lagoon Food Village including East Coast Seafood Centre. The property is likewise situated near respectable educational institutions like Victoria Junior University, Victoria College, Temasek Junior College and also Temasek Secondary School, all throughout 2km of the site.
The property location is zoned for home purpose with a structure ratio of 1.4 under the URA 2019 Master Plan. Savills indicates that the site may be redeveloped into a bungalow or a shop apartment with as much as 15 rooms, subject to considering approval from authorizations.
The site gauges 11,746 sq ft and lies at the dead end of Jalan Hajijah. According to promotion and marketing broker Savills Singapore, the site has an average structure depth of around 25m including a typical structure distance of approximately 32m, permitting best style efficiency after a front yard.
“This kind of is a rare services for both end-users and developers to get a considerable estate cul-de-sac personal structure in just a wealthy community,” states Sophia Lim, associate executive of investment sales and even funding markets at Savills Singapore.
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The home is 600m far from the Siglap MRT Terminal and the Bayshore MRT Terminal on the Thomson-East Coastline Line, which is schedule to open up by 2024. The East Coast Park (ECP) Expressway is likewise easily available.
The expression of interest exercise for the real estate is going to close on Nov 1 at 3pm.
“The underlying demand for real estate houses stays reasonably solid in District 16, as several high-net-worth professionals and family units are on the hunt for well-located landed residential properties offered the positive long-term outlook for this property class,” she adds.
