Haig Road Flats, the 999-year leasehold site has been launched for en bloc sale at market indicative price of $51 million to $52 million.
The residential estate falls under District 15. Going by the price the land rate would work out between $1,323 and $1,361 psf ppr.
Century 21 have been hired as the marketing agents for the collective sale and according to them, owners would receive $2 million to $2.1 million after the sale.
The 27,389 sq ft site is located on 173-183 Haig Road and currently has a 4-storey residential block that has 24 units which are between 1,189 and 1,259 sq ft in area.
It has dual frontage opening to Haig Road and Seraya Lane
The site has been zoned Residential as per the 2014 Master Plan with restriction of 5 storied structure and 1.4 plot ratio.
At present the site has 38,344 sq ft GFA and this would allow 35 units after redevelopment with average 1,076 sq ft in size after initiating Pre-Application Feasibility Study.
Development charges are payable in this property.
The tender for this site closes on 7th of August.
The residential developments is located at 173-183 Haig Road, district 15 Singapore.
The area is a hot en bloc zone right now with Casa Meyfort and 3 bungalows at Lorong H Telok Kurau which sold en bloc recently.
The site is 700m away from the upcoming Marine Parade MRT station (TE26) Thomson-East Coast Line which will be completed in 2023.
There are also convenience malls nearby such as Katong Shopping Centre, Katong Plaza, Katong Square, 112 Katong Mall and Marine Parade.
Haig Road Flats is located close to Haig Girls’ School, Tanjong Katong Primary School, Canadian International School and Kong Hwa School.
From its location, it only takes a couple of mins drive to East Coast Park, Central Business District, Marina Bay and Changi Airport.