Tanjong Katong Road development put up for collective sale at $65.5 mil

By Hailey Yu
/ EdgeProp Singapore |
Spanning 32,397 sq ft in land area, the plot will yield 45,356 sq ft of built-up area upon redevelopment, and up to 49 residential apartments, estimates Huttons
Ask Buddy
Upcoming new launch projects
Past Condo rental transactions
Condo projects with most profitable transactions
Compare price trend of New sale condo vs Resale condo
Past Condo sale transactions
Upcoming new launch projects
Past Condo rental transactions
Condo projects with most profitable transactions
Compare price trend of New sale condo vs Resale condo
Past Condo sale transactions
SINGAPORE (EDGEPROP) - An existing four-storey walk-up development has been put up for collective sale via tender at a guide price of $65.5 million today (July 5). Huttons has been appointed as the sole marketing agency.
The 9,999-year leasehold site is zoned for residential use with an allowable gross plot ratio of 1.4 under the 2019 Master Plan. Spanning 32,397 sq ft in land area, the plot will yield 45,356 sq ft of built-up area upon redevelopment, and up to 49 residential apartments, estimates Huttons. This translates to a land rate of $1,454 psf per plot ratio (psf ppr).
There is also the option to develop it into serviced apartments, depending on URA’s approval, according to Terence Lian, the head of investment sales at Huttons.
Advertisement
Projects within 500M - EDGEPROP SINGAPORE
Projects within 500M - including the upcoming launch of Thiam Siew Avenue. (Source: EdgeProp LandLens)
Within a 500M radius of the development, there are currently more than 3,300 units of apartments/condos, including Park Place Residences (429 units) and The Waterina (398 units). The major launch expected in this neighbourhood within the next 12 months is the development for Thiam Siew Avenue, which was acquired by Hoi Hup and Sunway late last year. The development is expected to launch at $2,700 PSF, based on the analysis on EdgeProp LandLens.
Estimated launch price for Thiam Siew Avenue - EDGEPROP SINGAPORE
Estimated launch price for Thiam Siew Avenue. (Source: EdgeProp LandLens)
Located at 56 to 62H Tanjong Katong Road in the city fringe, the site up for sale is a short walk to Paya Lebar MRT Station (on the East-West and Circle Lines). Several malls and eateries are in the vicinity, such as PLQ Mall, Kinex, i12, Parkway Parade and cafes. In addition, leisure amenities are nearby, including Singapore Sports Hub and East Coast Park.
“Tanjong Katong is an exciting residential neighbourhood with rich Peranakan history and culture, evident at casual eateries serving traditional fare like Nyonya cuisines,” says Lian.
“We believe that this rare 9,999-year site will be in strong demand by families and young couples looking to live in a convenient location,” says Angela Lim, deputy head of investment sales at Huttons.
Tender will close on Aug 23 at 2pm.
Check out the latest listings near Tanjong Katong Road, Paya Lebar MRT Station
Ask Buddy
Upcoming new launch projects
Past Condo rental transactions
Condo projects with most profitable transactions
Compare price trend of New sale condo vs Resale condo
Past Condo sale transactions
Upcoming new launch projects
Past Condo rental transactions
Condo projects with most profitable transactions
Compare price trend of New sale condo vs Resale condo
Past Condo sale transactions

Follow Us
Follow our channels to receive property news updates 24/7 round the clock.
EdgeProp Telegram
EdgeProp Facebook
Subscribe to our newsletter

Our Site

Edgeprop.sg (previously known as The Edge Property Singapore) is the best property portal for real estate agents, investors, home-seekers and sellers alike in Singapore. On EdgeProp, you will be able to find the latest and hottest property news, property listings, and access tools for your research and analysis.

Whether you are looking to buy, sell or rent apartments, condominiums, executive condos, HDBs, landed houses, commercial properties or industrial properties, we bring you Singapore’s most comprehensive and up-to-date property news and thousands of listings to facilitate your property decisions. Click into any listing to check out the new AI Redesign tool to envision your property based on your preferred style, be it Scandinavian, Minimalist or many others.

View More