A Prime Investment Opportunity in Singapore’s Residential Property Market
A freehold land plot located at Jalan Jamal / Elite Park Avenue in District 15, Singapore, has been listed for sale at $38 million SGD. The sale will be conducted via a tender process, which is set to close on March 18, 2025, at 3:00 PM, according to Edmund Tie & Company, the marketing agent for the site.
Land Specifications and Development Potential
The site spans approximately 3,300.7 square meters (35,528 square feet) and is designated for the construction of three-story residential properties under the Master Plan 2019. This zoning allows for the development of detached houses, semi-detached houses, or terrace houses, providing investors with flexibility in design and development based on market demand.
Strategic Location and Nearby Amenities
The land enjoys a prime location just 180 meters from East Coast Road, offering convenient access to numerous amenities, including:
Parkway Parade Shopping Mall
Siglap V Mall
i12 Katong Shopping Center
East Coast Park
This strategic positioning ensures easy access to shopping, dining, and recreational facilities, making it an attractive option for families and investors seeking premium residential properties.
Pricing and Investment Value
The land is priced at approximately $1,070 SGD per square foot, reflecting the rising demand for high-end residential properties in this sought-after district. Given the strong interest in luxury homes in Singapore, this site presents a unique opportunity for investors and developers looking to capitalize on the growing property market.
Conclusion
This land sale represents an exceptional chance for property developers and investors to create exclusive residential projects in one of Singapore’s most vibrant districts. With the tender deadline approaching, significant interest is expected from local and international buyers keen on investing in freehold luxury properties.