On May 9, 2018, owners of terrace houses on freehold ownership at Quemoy Road put up a public tender for their units, which are 17 to 25.
Based on their indicative price of S$23.87 million, the land rate is S$1,142 psf ppr.
Mount Everest Properties, the real estate agency handling the collective sale, said the tender closes on June 12.
This Quemoy Road site, which is zoned residential according to the 2014 Master Plan of the Urban Redevelopment Authority (URA), is 14,918 sq ft in size, and it has a plot ratio of 1.4.
However, it has the advantageous potential of being developed into a 5-storey boutique property, subject to approval by the URA.
Getting in and out of the Quemoy Road area where the terrace houses are, is easy and convenient.
The site is just some minutes walk to CC12 Bartley MRT station and there are many bus services just outside the main road.
From Bartley MRT to Paya Lebar Mrt takes only 3 stops. This is where Paya Lebar Central (PLC) located. Soon it will become one of the most vibrant commercial hub in Singapore.
There are Primary and Secondary Schools Nearby
The presence of schools within an area is indication the place is liked by residents, and it has potential for development.
In the case of the Quemoy Road area, there are three secondary schools close by – Maris Stella High School, Paya Lebar Methodist Girls’ School and St. Gabriel’s Secondary School.
The primary schools nearby include Paya Lebar Methodist Girls School and Cedar Primary School.
Attractive Facilities in the Vicinity
There are shopping malls conveniently located in the area, and they include Upper Serangoon Shopping Centre, ICB Shopping Centre and NEX which is 1 stop away from Bartley MRT.
Other supermarkets that are easily accessible include Giant-Kovan Centre, NTUC FairPrice and Giant-Serangoon Central Drive.