Large Freehold Land For Apartment Redevelopment

-Exclusive Listing.

-Rare Freehold Land plot ratio of 1.4, available for sale!
-Close to Serangoon MRT, Nex, Amenities and more.
-Just 5 min walk to Serangoon MRT.
-Within 1 km to Paya Lebar Methodist Girls School and Maris Stella Primary!

A freehold, elevated and rectangular land plot measuring 10,202 sq ft (947.8 sq m).
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.

The plot has the potential to be redeveloped into a five-storey apartment project with 13 units, according to feasibility studies. “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,”

Last year 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.