Two adjoining freehold residential sites off Yio Chu Kang Road (pictured) have been launched for sale by tender, said property consultancy Colliers International.
Located at Tung Po Avenue in a mainly landed housing estate, the vacant plots have a total area of about 32,606 sq ft and are zoned for “Residential – three-storey mixed landed” use.
Tang Wei Leng, Executive Director of Investment Services at Colliers International, said: “Private landed residential sites are rarely made available for sale; hence, these two land parcels offer an opportunity for boutique developers to invest in a reasonably-sized plot of land at attractive pricing.”
“The asking price is above S$30 million. The successful buyer can develop the site to accommodate approximately 15 conventional terrace houses of some 3,600 sq ft each. Alternatively, he or she can also build around 20 units of cluster terrace houses, with areas ranging from 3,500 sq ft to 3,800 sq ft each. Such large living spaces are ideally suited for multi-generation families to live under one roof,” she added.
The sites are within proximity of CHIJ St. Nicholas Girls’ School, Yio Chu Kang MRT station and major expressways.
The tender exercise closes on 31 October.
Image source: Colliers International
Romesh Navaratnarajah, Senior Editor at PropertyGuru, wrote this story. To contact him about this or other stories email romesh@propertyguru.com.sg
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