Upper East Coast site for landed housing up for en bloc sale

By
/ EdgeProp Singapore
|
September 24, 2018 3:43 PM SGT
A freehold redevelopment site for three-storey mixed landed housing at Upper East Coast is up for collective sale, at an asking price of $26 million ($914 psf).
The 28,449 sq ft freehold site is up for sale at $26 million (Credit: ET&Co)
With a site area of about 28,449 sq ft, the property now comprises two double-storey semi-detached houses. It is zoned for 3-storey mixed landed housing under the 2014 Master Plan, according to sole marketing agent Edmund Tie & Company (ET&Co). It can be redeveloped into any combination of detached, semi-detached, and terrace houses, either based on conventional housing types or as a cluster housing development, subject to planning approval.
“Sizeable sites for landed housing development are rarely available,” says Swee Shou Fern, senior director, Investment Advisory, ET&Co.
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The site is located about 350 m from the upcoming Sungei Bedok MRT Interchange on the Downtown Line and Thomson-East Coast Line. It is also a short drive from Changi Business Park and Changi Airport.
The tender exercise will close on Oct 31.