Ji Liang Gardens En Bloc Sale

Ji Liang Gardens, a freehold development located at 21 to 21E Lorong K Telok Kurau has launched for collective sale via tender on 12 May 2021.

The appointed property consultant PropNex is pleased to announce that all the owners have agreed to sell collectively.

The owners’ asking price of S$18.6 million works out to an attractive land rate of S$935 psf ppr inclusive of the development charges.

Since 100% owner’s consensus has been achieved, apply for sale order is not necessary. This will hugely speed up the whole collective sale process.

Ji Liang Gardens sits on a freehold land area of 14,289 sq ft. Under the Urban Redevelopment Authority’s Master Plan 2019, the site is zoned Residential with a plot ratio of 1.4 and has potential to redevelop into 18 units of boutique apartments, averaging 1076 sq ft.

Recently there are 2 successful collective sales in this vicinity, in 2017 3 Bungalows @ Lorong H Telok Kurau Sold En Bloc for S$37.89 million.

Another combine site at Lorong N Telok Kurau was picked up by a buyer and was sold for $23.6 million.

Tracy Goh, head of investment and collective sales at PropNex, said that as more home buyers pour interests in this popular district, developers should consider build a project here to meet the demand.

Telok Kurau is well loved by the locals for its charming low rise landed enclave and boutique developments, its walking distance to the park connector and proximity to train stations like Eunos, upcoming Marine Terrace and Marine Parade.

This site is rare as there is little or no supply of land in this vicinity. It is also well served by the Pan-Island Expressway (PIE) and East-Coast Expressway (ECP).

The Ji Liang Gardens collective sale site is located within 1 km of Tao Nan School, Haig Girls School and CHIJ (Katong) Primary.

There are also other several reputed and popular schools nearby, including, St. Patrick’s School, CHIJ Katong Convent, St. Stephen’s School, Ngee Ann Primary and Victoria Junior College.

This site’s appeal is endless with its abundance of eateries located in Telok Kurau itself, along East Coast Road, Still Road, Changi Road, Joo Chiat Road and the nearby malls at Parkway Parade, I12, Katong Square, PLQ malls, Bedok malls and the famous Jewel at airport.

There is a medical facility Parkway East Hospital nearby and popular attraction East Coast Park is just short drive away.

The collective sale tender for Ji Liang Gardens will close on 15 June, 10.30 am.