A freehold site at 48 Jalan Unggas is up for sale via expression of interest (EOI) with an asking price of $12.9 million or $2,868 psf, according to marketing agent Huttons Asia.

The property is situated on a corner residential development site with a wide frontage. It has a total land area of approximately 4,498 sq ft. The property is designated for residential use in a two-storey semi-detached zone under the URA Master Plan 2019.

The site is located within walking distance of Botanic Gardens MRT Station on the Circle and Downtown Lines, and a short drive away from lifestyle hubs such as United Square, Novena Square, and ION Orchard.

Read also: Freehold bungalow on Whitley Road for sale at $31.88 mil

Schools within a 2km radius include Anglo-Chinese School (Primary), Nanyang Primary School and Raffles Girls’ Primary School. Singapore Chinese Girls’ Primary School is within 1km of the site.

Currently, the land is owned by a single seller, which is expected to simplify the acquisition process for prospective buyers, according to Huttons Asia. The agency adds that the site could potentially be redeveloped into a detached bungalow, subject to approval from the appropriate authorities.

Lee Sze Teck, senior director of data analytics at Huttons Asia, says: “In the past two years, there have only been two caveated transactions for semi-detached houses in Jalan Unggas. For buyers who want to stay in this coveted area, this presents a hard-to-come-by opportunity.”

According to URA caveats, the latest transaction on Jalan Unggas was the sale of a freehold semi-detached property with a land area of 4,108 sq ft for $9.85 million ($2,398 psf) last November.

The EOI exercise for the site will conclude on Feb 28 at 3pm.