A freehold, elevated and rectangular land plot measuring 10,202 sq ft (947.8 sq m) at 2 Lew Lian Vale has been launched for sale via an expression of interest (EOI) exercise at a guide price of $17 million. The sale is being handled by the joint exclusive marketing agents: Charlyene Choo, senior associate division director of PropNex, and Tommy Ng, director of Lion Key Realty.

Currently occupied by a three-storey building, the site is well connected to transport facilities and amenities. It is within 5 minutes by foot to Serangoon MRT station (an interchange station for the Circle Line and North-East Line), Nex shopping mall, Serangoon Bus Interchange and the upcoming Serangoon polyclinic.

A selection of popular food options is easily within reach, such as Serangoon Gardens Market and Food Centre (5-minute drive) and Chomp Chomp Food Centre (6-minute drive). Also situated within close proximity are more retail destinations that are merely one MRT station away, such as Woodleigh Mall (Woodleigh MRT station) and Heartland Mall (Kovan MRT station).

Conveniently located within a 1km radius are various reputable schools such as Maris Stella High School, Paya Lebar Methodist Girls’ School (Primary) and Yangzheng Primary School. Other schools located between within a 2km radius include Cedar Primary School, CHIJ Our Lady of Good Counsel, St Gabriel’s Primary School, Xinghua Primary School and Zhonghua Primary School.

The site is highly accessible via major expressways such as the Central Expressway (CTE), Kallang-Paya Lebar Expressway (KPE) and Bartley Viaduct Flyover. It is also just a 15-minute drive to downtown Orchard Road, the CBD and Seletar Aerospace Park.

The plot has the potential to be redeveloped into a five-storey condominium project with 13 units, according to feasibility studies, says Ng. “This plot of land will draw interest from start-up or boutique developers who are on the lookout for a relatively small land plot with redevelopment potential, especially with its close walking distance to the MRT station and proximity to established schools,” he highlights.

Recently in September, Sing Holdings and Sunway Developments teamed up to place a top bid for their second 99-year leasehold site in Chuan Grove at $1,331 psf ppr. Prior to that, they placed a winning bid for an adjacent 99-year leasehold land plot in Chuan Grove at $1,376 psf ppr in a state tender in July. The selling prices at the launch for the amalgamated site could average between $2,900 and $3,000 psf, according to Leonard Tay, research head at Knight Frank Singapore (Source: Business Times).

Meanwhile, a new condo project within the vicinity — the 99-year leasehold Chuan Park next to Lorong Chuan MRT station and launched in November 2024 — has since achieved 86% sales to date at an average price of $2,591 psf (Source: Buddy, EdgeProp).

The EOI exercise for 2 Lew Lian Vale will close on 24 November 2025 at 4pm.

For more information,

Contact Tommy Ng | 98712758

Director (R031914J)

LION KEY REALTY PTE. LTD.

OR

Contact Charylene Choo | 91295685

Senior Associate Division Director (R042380J)

PROPNEX REALTY PTE. LTD