Property News · May 30, 2019

Upper Changi Road site up for grabs for $16m


The freehold landed residential redevelopment site is zoned as “residential, three-storey mixed-landed” under the 2014 Master Plan. 
A freehold landed residential redevelopment site at 537 Upper Changi Road has been launched for sale via expression of interest (EOI), carrying a guide price of $16 million or $1,051 per sq ft, reported The Business Times citing the property’s marketing agent Knight Frank.
Featuring four single-storey houses, the site has an area of 1,413.2 sq m (15,212 sq ft) and is zoned “residential, three-storey mixed-landed” under the 2014 Master Plan.
The site could be further redeveloped to eight terrace houses, subject to the relevant authorities’ approval.
Situated within a landed residential enclave, the site is close to Expo MRT interchange as well as Upper Changi MRT station on the Downtown Line and Simei MRT station on the East-West Line. It is also near amenities exhibition spaces at Singapore Expo, Changi City Point and Eastpoint Mall.
“Despite the property measures introduced in July 2017, we continue to see very strong transactional numbers for landed homes,” said Mary Sai, executive director of investment and capital markets at Knight Frank Singapore.
“In addition, smallish residential redevelopment sites for landed homes are rarely available, thus we expect the Upper Changi Road site to attract strong interest.”
The EOI exercise for the site closes on 26 June.
Looking for a home in the Changi area? See our buying property guides or view our listings for more residential properties for sale in Singapore. 
Victor Kang, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this or other stories, email victorkang@propertyguru.com.sg
 

Source : proppertyguru.com.sg/Property Market
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