Considerable demand from owners living in the landed plots given the limited availability and rarity of them coming up for sale
A freehold semi-detached home on Goodman Road in District 15 is available for sale at $9.6 million. It is roughly $2,247 per sq ft of the land area. As per a press announcement issued by Savills Singapore, the sole agent for marketing, Savills Singapore, the property will be available for sale through the form of an Expression of Interest (EOI) exercise.
“This is a unique opportunity for buyers to purchase an expansive freehold residential plot in an affluent area with a reasonable price. Due to the limited supply of these land-based plots and their rarity to come available for sale there is a high demand from those who reside in the enclave.” Says Yap Hui Yee, the senior director of sales for investments and market development in Savills Singapore.
The upcoming Taniong Katong MRT station along the Thomson East Coast Line is within walking distance. The highway connectivity in the area is through the East Coast Expressway. Schools in the area are Tanjong Katong Primary School, Tanjong Katong Girls’ School, Chung Cheng High School and Dunman High School.
The property is located in the sought-after East Coast area. The nearby facilities comprise East Coast Park, East Coast Lagoon Food Village, East Coast Seafood Centre, Parkway Parade, Kallang Wave Mall and the many shops on East Coast Road.
The property is a landed property is situated on a 4,271 square foot site which has a notable frontage of approximately 8.5m on Goodman Road. It is frequently contoured and has a total plot deep of approximately 46m. According to the most recent Master Plan, the site is classified as residential and is located within a two-storey semi-detached estate.
Based on Yap, “demand for landed homes for residential purposes is high within Singapore”. Yap adds: “Many high-net-worth individuals and families are always on the hunt for the best-located properties due to the optimistic prospects for the asset class and the desire to buy properties to preserve wealth and the planning of their legacy.”