Edmund Lee, executive director of OrangeTee said that the attractive site will draw some interests from developers due to its freehold tenure and its good location in the popular District 15.
As there are always demands for residential home in this area and the site offers developers a great opportunity to build a prominent mixed-use development to cater to the lifestyle demands of buyers.
Reasons why more home hunters choosing to reside at district 15 because there are many lifestyle and recreational amenities found within.
Siglap Shopping Centre is close to many places like Jewel @ Changi, Parkway Parade, East Coast Park, i2 Katong mall, Bedok Mall, Parkway East Hospital and many good schools are also within the vicinity namely CHIJ Katong Convent, St Patrick’s School, Victoria School and Victoria Junior College.
There is an upcoming Siglap MRT station (Thomson-East Coast Line) ready in 2023 and the freehold site is easy access to Pan Island Expressway and East Coast Parkway.
Tay Liam Hiap, director of OrangeTee further added that new launch sales in this East Coast area has been performing well during the last 2 years and will continue to appeal to new home buyers due its attractiveness.
The public tender for Siglap Shopping Centre freehold site will close on Dec 9 at 3pm.