A freehold single-storey house at 537 Upper Changi Road has been relaunched for sale via expression of interest (EOI) with the asking price lowered to $13.8 million or $907 per sq ft (psf), revealed marketing agent Knight Frank Singapore.
Zoned “residential, three-storey mixed-landed” under the 2014 Master Plan, the site has an area of around 15,212 sq ft and can be redeveloped into eight terrace houses, subject to authorities’ approval.
The property is within the vicinity of the Upper Changi MRT station on the Downtown line, Simei MRT station on the East-West Line and Expo MRT interchange. It is also near Eastpoint Mall, Changi City Point and Singapore Expo.
“During the earlier exercise, the owner received several bids, but they failed to meet the previous asking price of $16 million. After much consideration, the owner agreed to launch the property for sale again at $13.8 million,” said Mary Sai, Knight Frank Singapore executive director for investment and capital markets.
The EOI exercise for 537 Upper Changi Road closes on 22 August.
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Fiona Ho, Digital Content Manager at PropertyGuru, edited this story. To contact her about this or other stories, email firstname.lastname@example.org