Knight Frank has recently announced tender for 409-419 Upper East Coast Road, containing six strata terrace homes.
Due to 100% consent among its six owners, STB intervention is not necessary.
This, together with high demands for landed homes, a quick deal is expected.
At a price tag of S$18 million, this site with an area of 13,466.73 sf (1,251.1 sqm) translates to S$1,337 psf on land.
Subject to URA’s approval, it could be redeveloped into six semi-detached homes.
It is presently under “residential, three-storey mixed landed” zone in Master Plan 2014.
With the upcoming Thomas East Coast Line and Bayshore MRT station, and close proximity to CBD, Changi Airport and other lifestyle amenities, this is seen as a rare valuable asset.
Mr. Loh believes that cooling measures cannot deter the homebuyers’ love for landed homes.
The tender for 409-419 Upper East Coast closes on Jan 31, 2019, at 3.00 pm.