Freehold residential site at Jalan Hajijah for sale at $15.25 mil
A property non commercial side at 29A Jalan Hajijah, off Upper East Coast Street in Area 16, is up for business via an expression of interest exercise at an overview rate of $15.25 million, or $1,298 psf on the acreage.
The site gauges 11,746 sq ft and also lies at the dead end of Jalan Hajijah. According to promotion broker Savills Singapore, the place has a typical plot depth of around 25m and an average structure distance of roughly 32m, enabling best design performance after a driveway.
“This is an unusual services for each end-users as well as builders to get a significant estate dead end housing structure inside a wealthy area,” states Sophia Lim, associate director of financial investment sales and even resources markets at Savills Singapore.
Nearby facilities include East Coast Park including eateries at East Coast Lagoon Food Village including East Coast Sea Food Centre. The real property is also positioned near reputable educational institutions like Victoria Junior University, Victoria School, Temasek Junior University including Temasek Secondary School, all inside 2km of the location.
The expression of interest activity for the property close on Nov 1 at 3pm.
“The underlying need for real estate houses stays reasonably good in District 16, as many high-net-worth professionals and families are on the prowl for well-located house buildings provided the positive lasting overview for this property class,” she incorporates.
The residential property is 600m away from the Siglap MRT Terminal and also the Bayshore MRT Station on the Thomson-East Coastline Line, which is slated to open by 2024. The East Coast Park (ECP) Expressway is also easily obtainable.
The freehold location is zoned for home purpose with a structure ratio of 1.4 under the URA 2019 Master Plan. Savills notes that the site could be redeveloped into a bungalow or a shop condo with as much as 15 dwelling, subject to planning approval from authorizations.