{"id":120497,"date":"2021-02-19T03:20:20","date_gmt":"2021-02-18T20:20:20","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/999-year-leasehold-residential-site-in-kovan-on-sale-for-18-million\/"},"modified":"2021-02-19T12:13:51","modified_gmt":"2021-02-19T05:13:51","slug":"999-year-leasehold-residential-site-in-kovan-on-sale-for-18-million","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/999-year-leasehold-residential-site-in-kovan-on-sale-for-18-million\/","title":{"rendered":"999-year leasehold residential site in Kovan on sale for $18 million"},"content":{"rendered":"


\n999-year leasehold residential site in Kovan on sale for $18 millionLocated within the mature Kovan estate, the 1,955.2 sq m (21,046 sq ft) site is zoned for residential use under the\u00a02019 Master Plan\u00a0with a plot ratio of 1.4 and is held by a single owner. Image: Edmund Tie
\nA 999-year leasehold residential site at 48 Hillside Drive has been put up for sale with a guide price of $18 million or about $855 per sq ft (psf) on the site area, revealed sole marketing agent Edmund Tie.
\nLocated within the mature Kovan estate, the 1,955.2 sq m (21,046 sq ft) site is zoned for residential use under the 2019 Master Plan with a plot ratio of 1.4 and is held by a single owner.
\nThe marketing agent noted that the property is ideal as a grand residence of a high-net-worth individual or a multi-generational family. It can also be redeveloped into various landed housing types or as a boutique residential development with up to 27 apartment units averaging 100 sq m.
\nRecommended article:\u00a0How Does Distance to MRT Affect Property Prices in Singapore?
\nJust a stone\u2019s throw away to both Kovan MRT and Serangoon MRT Interchange, the property is accessible via major roads and expressway such as Upper Serangoon Road, Yio Chu Kang Road and Central Expressway.
\nIt is also near eateries and supermarkets at NEX, Heartland Mall, Chomp Chomp Food Centre and MyVillage. Educational institutions such as Rosyth School, Zhonghua Primary School, International French School and Australian International School are also close by.
\n\u201cWith an affordable bite-sized quantum, and various redevelopment possibilities for the well-located site, the property will appeal to a wide range of potential buyers,\u201d said Swee Shou Fern, Executive Director of Investment Advisory at Edmund Tie.
\nSuggested read:\u00a0Is It Ideal to Live Near Malls in Singapore?
\n\u201cBesides residential developers who will be keen to subdivide the site into multiple landed homes or redevelop into a boutique apartment development, we also expect interest from high-net-worth and multi-generational families looking to buy for their own stay.\u201d
\nWith large single-owner redevelopment plots tightly held, she believes the property \u201cmay arguably be the last available plot for sale along Hillside Drive\u201d.
\nThe tender for 48 Hillside Drive closes on 23 March.
\nLooking for a property in Singapore? Visit PropertyGuru\u2019s Listings, Project Reviews and Guides.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…999-year leasehold residential site in Kovan on sale for million<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

999-year leasehold residential site in Kovan on sale for $18 millionLocated within the mature Kovan...<\/p>\n","protected":false},"author":1,"featured_media":120498,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-120497","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-news"],"jetpack_featured_media_url":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/02\/48-Hillside-Drive1774.jpg?fit=820%2C410&ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-vlv","jetpack-related-posts":[{"id":120602,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/999-year-residential-site-at-kovan-up-for-sale\/","url_meta":{"origin":120497,"position":0},"title":"999-year residential site at Kovan up for sale","date":"June 25, 2021","format":false,"excerpt":"\r 999-year residential site at Kovan up for saleThe 2.5 storey house at\u00a034 Jansen Road\u00a0features 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\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/06\/34JansenRd-crop.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":121022,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/two-adjoining-terraces-at-chiap-guan-avenue-up-for-sale\/","url_meta":{"origin":120497,"position":1},"title":"Two adjoining terraces at Chiap Guan Avenue up for sale","date":"July 23, 2021","format":false,"excerpt":"\r Two adjoining terraces at Chiap Guan Avenue up for saleLocated within the landed housing district of Kovan, the properties \u2013 which comprise an intermediate and corner terrace \u2013 have a combined site area of 440.7 sq m (4,744 sq ft), with a total frontage of 16m. Photo: Colliers A\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/07\/18-20-Chiap-Guan-avenue-crop.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":75259,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/two-more-sites-up-for-collective-sale\/","url_meta":{"origin":120497,"position":2},"title":"Two more sites up for collective sale","date":"December 26, 2017","format":false,"excerpt":"\r Kovan Lodge is a freehold condominium development located at 51A, Kovan Road (S)548135 in District 19. The collective sales market continues to heat up with the launch of two more sites \u2013 the freehold development of Kovan Lodge and 43-unit Ampas Apartments, reported The Straits Times. Nestled on a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":120494,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/jansen-mansions-goes-en-bloc-again-with-lower-reserve-price\/","url_meta":{"origin":120497,"position":3},"title":"Jansen Mansions goes en bloc again, with lower reserve price","date":"February 19, 2021","format":false,"excerpt":"\r Jansen Mansions goes en bloc again, with lower reserve priceThe $19.8 million price works out to a land rate of $879 per sq ft per plot ratio (psf ppr), inclusive of the development charge as well as the 7% bonus balcony space. Image: Google Street View After failing in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/02\/jansen-mansion-for-en-bloc.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":75569,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/kovan-apartments-up-for-collective-sale-for-33mil\/","url_meta":{"origin":120497,"position":4},"title":"Kovan Apartments up for collective sale for $33mil","date":"January 2, 2018","format":false,"excerpt":"\r Kovan Apartments, a four-storey residential development along Kovan Road, has been put up for en bloc sale by tender, with an asking price of $33 million, revealed marketing agent Savills Singapore. The asking price, however, excludes an estimated development charge of $2.57 million since the site is not fully\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":96463,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/freehold-property-cheng-hoe-house-at-kovan-road-up-for-collective-sale\/","url_meta":{"origin":120497,"position":5},"title":"Freehold property Cheng Hoe House at Kovan Road up for collective sale","date":"August 22, 2018","format":false,"excerpt":"\r Photo credits: Teakhwa Real Estate A group of eight townhouses along Kovan Road has been put up for collective sale for $28 million or $1,082.9 per square foot per plot ratio (psf ppr), inclusive of a $6.1 million development charge, reported the Business Times. Known as Cheng Hoe House,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/120497"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=120497"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/120497\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media\/120498"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=120497"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=120497"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=120497"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}