Lorong N Telok Kurau En Bloc Sale – Freehold Land for Sale

Lorong N Telok Kurau En Bloc Sale – Freehold Land for Sale

A timely Launch and a Great Opportunity Arrived for Developers

3 adjoined residential sites at Lorong N Telok Kurau will be launched for collective sale by tender on 19 November with a combined asking price of S$25 million.

The news was announced by PropNex Singapore, their exclusive marketing agent for this sale.

Base on their reserve price, the land rate arrived at $902 psf ppr.

The combine sites comprise of 1 bungalow and 2 semi-detached. The owners of the 3 developments have decided to join hands so that the sites could be offered to developers looking to re-develop them into a single, large residential property.

As all owners have agreed for this collective sale, there is no need for STB approval. This will speed up the enbloc process a lot for the potential buyer.

The sites are located at 93B, 93C and 95 Lorong N Telok Kurau within popular district 15 and the combined sites occupy land area of 18,507 square feet.

According to PropNex Singapore, all these properties are freehold which makes very attractive to any investors.

Under URA Master Plan 2019, the sites have gross plot ratio of 1.4 and are zoned for residential. When combined, they will have a gross floor area of 27,724 square feet inclusive of balcony that will enable developers to build 24 units subject to URA approval.

Why Developers Will Be Attracted to this Freehold Site?

Ms. Tracy Goh, head of collective Sale department of PropNex Singapore said that this freehold residential site is what the developers are looking for mainly because:

Marine Terrace MRT Station (Thomson-East Coast Line) Near Lorong N Telok Kurau En Bloc Site

Home Buyers Will Always Look for Nearby MRT Station When Choosing a New Home

East Coast Park Attractions Close to Lorong N Telok Kurau En Bloc Site

More & More Home Hunters Are Looking to Own a Unit Near Sea Beach Such as East Coast Park

Jewel @ Changi Attraction Close to Lorong N Telok Kurau En Bloc Site

One of the Popular Attractions Nearby is Jewel @ Changi, Only Few Mins Drive Away

  • Prime Location and Amenities to Many Eateries Along East Coast Road

  • Its Proximity to Many Good Schools

  • Popular East Coast Beach for Cycling, Walk and Jog

  • New MRT Thomson-East Coast Line Ready in 2024

  • Serene Environment

  • Freehold Tenure

  • Home Hunters Continue to Look for New Homes in this Popular District 15

When comes to finding new land for redevelopment, developers will do their own checklist.

In a buyer’s checklist are proximity to MRT stations, accessibility to expressways which connect to other parts of the city and connectivity through other public transportation modes like buses.

These add conveniences for the new residents (Home Buyers) which satisfy their needs and aspirations.

The upcoming Marine Terrace MRT Station (Thomson-East Coast Line) which will be ready in 2024 is only 500 meters away. Only require less than 10 minutes walk.

With this Thomson-East Coast Line, one can reach several places like Gardens of the Bay, Marine Bay Sands, Central Business District, Orchard Road and much more…

The freehold site is also close to Parkway Parade Shopping Mall, East Coast Park as well as Siglap commercial hub.

It has easy access to the East Coast Parkway Expressway, MCE Expressway and Pan Island Expressway and short drive to Jewel @ Changi, Marina Bay Sands, Central Business District and has educational institutions such as St. Patrick’s School, Victoria School, Victoria Junior College and Ngee Ann Primary School near it.

Most important of all, there is a high demand for new homes in this area and bound to sell well for any new launch project.

Thus, the freehold site satisfies all of these requirements of a buyer and is a good choice to make.

Buoyant New Launch Sales May Prompt Developers Look for New Lands

Buoyant New Launch Sales May Prompt Developers Look for New Lands

Positive Signs are Good as New Launches Sales Went Up and Singaporeans Continue to Buy New Homes

The latest incredible take up rate at The Linq @ Beauty World (Former Goh & Goh Building En Bloc sold) saw 115 units out of 120 units sold. The results were nothing short of stunning in this pandemic year.

Penrose and The M also enjoyed amazing results of 70% sold in their launches.

Therefore, it was no surprise that there were 15 bidders at the recent GLS land at Tanah Merah and the bid won was again above market expectations of $930 psf ppr.

The bullishness of the market in this 2020 economic crisis is baffling.  Or is it?

Many of the buyers look at the long-term picture when they are committing to a home.  Crisis or not, they have saved up enough to upgrade to their dream homes.

And many Singaporeans and PRs believe that Singapore is resilient and will pull through any crisis and emerge stronger.

This confidence is driving the real estate market. With such a mindset, any project that is attractively priced, near amenities or MRT and within their affordability, nothing is going to stop their dreams from coming true.

Why there Won’t Be Real Estate Market Crash?

Gone are the days that the real estate market can crash the way that it did in 2009.  Why?

Because then we have no total debt servicing ratio (TDSR) which was introduced in 29 June 2013 where government wants buyers to exercise prudence when committing to big ticket items; hence the total loan instalments (including car and renovation loans) is capped at 60% of the income.

Further, additional buyer’s stamp duty (ABSD) was introduced so that buyers will not buy for speculation.

ABSD has added greatly to a residential purchase and buyers therefore will exercise prudence also in buying additional properties and that will also mean that they will hold real estate for a longer time frame.

Despite COVID-19 Pandemic, the Real Estate Market in Singapore is Stable and In Fact Property Prices Have Gone Up

Despite COVID-19 Pandemic, the Real Estate Market in Singapore is Stable and In Fact Property Prices Have Gone Up 

With these cooling measures, buyers’ mindset has changed and are looking at the long-term picture when they acquire additional real estate.

The way Singapore has handled the pandemic has drawn praise throughout the world; for as of now, there are no community spread and that has given Singaporeans the assurance that we are doing the right thing in controlling covid-19.

As long as we stay vigilant, Singapore will emerge stronger from the recession.

It is also because of this pandemic; Singapore has once again come under international scrutiny that this small country has proven herself to be able to revolve herself out of any crisis and her reserves has helped her people to weather this crisis better than any country.

And that means that Singapore currency will appreciate against all currencies in coming months and years as we do not need to print money to stimulate the economy, we are using our reserves and that makes the biggest difference.

The public tender for Lorong N Telok Kurau Site will be close on the 29 December 2020 at 3pm.

If You Have Any Enquiries

Please Contact Tracy At: +65 9001 0711

Or Email Below

Lorong N Telok Kurau Collective Sale Banner PropNex Singapore

Lorong N Telok Kurau Site En Bloc Details

  • Status: SOLD

  • Tenure: Freehold

  • Land Size: 18,507 sq ft (Combine)

  • Gross Floor Area: 27,724 square feet

  • Total Units: 3 (1 Bungalow & 2 Semi-Detached)

  • Gross Plot Ratio: 1.4

  • Address: 93B, 93C and 95 Lorong N Telok Kurau

  • District: 15

  • Marketing Agent: PropNex Singapore

  • Reserve Price: S$25 million $902 psf ppr

  • Status: For Sale

  • Tender Close: December 29, 2020

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