Jalan Hajijah freehold residential site for sale at $15.25 million

A freehold residential property located at 29A Jalan Hajijah, situated off Upper East Coast Road in District 16, is offered to sale via the expression of interest exercise for an estimated amount of $15.25 million or $1,298 per square foot for the land.

Lentor Hills Residences showflat address tucked in the beautiful neighbourhood of Ang Mo Kio, Lentor Hills Residences has a total site area of about 17,100 square metres (sq m) with a maximum Gross Floor Area (GFA) of 60,480 sq m. It is expected to house 595 residential units.

The site is 11,746 square feet and is located in the end of a cul-de-sac in Jalan Hajijah. According to the marketing agent Savills Singapore Savills Singapore, the site is located at an average of around 25m and a plot width of 32m, which allows for maximum design efficiency following the construction of a driveway.

This freehold site is designed for residential use, with the plot ratio being 1.4 in the URA 2019 Master Plan. Savills says that the site could be developed to create a bungalow or boutique apartment that can accommodate as many as 15 apartments subject to approval for planning by the local authorities.

“This is a unique opportunity for both the end-user and developers to buy a substantial freehold residential plot in an area of high-end,” says Sophia Lim as director of capital markets and investment sales for Savills Singapore.

“The overall demand for land-based homes is fairly robust within District 16 since numerous families and individuals with high net worth are searching for good-located landed properties due to the favorable long-term prospects for this class of property,” she adds.

The property is located just 600m from Siglap MRT Station and the Bayshore MRT Station on the Thomson-East Coast Line, which is set to be operational in 2024. Its East Coast Park (ECP) Expressway is also easily accessible.

Nearby facilities Include East Coast Park and eateries at East Coast Lagoon Food Village and East Coast Seafood Centre. The property is also situated near the top educational institutions, such as Victoria Junior College, Victoria School, Temasek Junior College and Temasek Secondary School, all within 2km of the site.

The exercise to express interest for the property will end on November 1 at 3pm.