999-year residential site at Kovan up for sale

Victor KangJune 25, 2021

The 2.5 storey house at 34 Jansen Road features five bedrooms and a swimming pool, and has a site area of 9,617 sq ft. Photo: Colliers

A 999-year leasehold residential site at 34 Jansen Road has been put up for sale via expression of interest (EOI), revealed marketing agent Colliers International.

Located within the landed housing enclave of the Kovan estate, the 9,617 sq ft site is zoned for residential use under the 2019 Master Plan with a plot ratio of 1.4 and a height control of up to five storeys.

The north-south facing site is occupied by a detached house with an existing built-up area of around 4,800 sq ft. The 2.5-storey house, which is currently tenanted, features five bedrooms and a swimming pool.

Colliers noted that the site is located near the Kovan MRT station and Serangoon MRT Interchange as well as various amenities such as NEX, Heartland Mall, Chomp Chomp Food Centre and MyVillage.

Nearby schools include CHIJ Our Lady of Good Counsel and Rosyth School.

Colliers added that the site is also accessible via major roads including Yio Chu Kang Road, Upper Serangoon Road, Hougang Avenue, Central Expressway (CTE) and Kallang Paya Lebar Expressway (KPE).

“This is a good investment opportunity in a convenient location where amenities are readily available, and there is excellent connectivity via public transport or by car. Investors can expect a reasonable quantum for this site which has the potential for self-occupation or redevelopment into a large detached house for multi-generational families,” said Steven Tan, Executive Director, Investment Services, Colliers International.

“The current tenant market pool is also buoyant in this area due to international schools in the vicinity.”

The EOI exercise for the residential site closes on 22 July.

 

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Victor Kang, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this story, email: victorkang@propertyguru.com.sg

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