146 and 148 Joo Chiat Terrace Collective Sale 2026

All six owners back the collective sale of 146 and 148 Joo Chiat Terrace, opening a potential boutique redevelopment opportunity in the established Joo Chiat neighbourhood.

A small residential block in Joo Chiat is entering the collective sale market with something already settled: every owner is on board.

The freehold property at 146 and 148 Joo Chiat Terrace has been launched for sale at S$17.5 million, offering developers a potential redevelopment site within the familiar streets of Joo Chiat and Katong.

The property combines freehold tenure with a manageable site size and access to established neighbourhood amenities.

Recent boutique residential launches nearby provide further context for buyers assessing the opportunity, although the eventual tender response remains to be seen.

A three-storey residential block containing six apartments currently occupies the en bloc site.

Built in 1987, the property stands on approximately 10,247 sq ft of land, zoned for residential use with a gross plot ratio of 1.4.

The asking price translates to approximately S$1,220 per sq ft per plot ratio, commonly referred to as psf ppr.

🏡 Property: 146 and 148 Joo Chiat Terrace
💰 Reserve price: S$17.5 million
📍 Land area: Approximately 10,247 sq ft
🔑 Tenure: Freehold
🏗️ Gross plot ratio: 1.4
🏘️ Existing development: Six apartments
🤝 Owner consent: 100%
📅 Tender deadline: 17 November 2026, 3pm

AlpsEdge Real Estate and Brilliance Capital are jointly marketing the property.

Unanimous owner support is a notable feature of this launch.

According to the joint marketing agents, all six apartment owners have consented to the collective sale.

In their announcement on 5 October, the firms said this would allow the transaction to avoid the prolonged statutory approval process associated with collective sales without unanimous consent.

For prospective buyers, that agreement removes uncertainty over whether the remaining owners will support the sale.

However, the property is still at the tender stage.

An agreed transaction and any subsequent redevelopment approvals remain separate matters.

The site offers an opportunity to explore a smaller residential development within an established neighbourhood.

Its freehold tenure, residential zoning and plot ratio provide the starting point for a developer’s assessment.

The eventual scheme would depend on detailed planning, design requirements and the relevant approvals.

No confirmed replacement development, unit count or future selling price has been announced.

Nearby projects demonstrate how smaller sites in the area have been redeveloped, but they should be viewed as context rather than a blueprint for what will be built here.

The joint marketing agents cited several nearby transactions as benchmarks for the proposed sale.

108 Joo Chiat Terrace changed hands for S$21.5 million in December 2024, at a reported land rate of S$1,175 psf ppr.

A group of three freehold terraced houses on Tanjong Katong Road sold for S$10.86 million in March 2025, translating to approximately S$1,110 psf ppr.

Another comparison is Chiku Mansions, which Macly Group acquired for approximately S$22 million in September 2025, or about S$1,168 psf ppr.

At S$1,220 psf ppr, the asking rate for 146 and 148 Joo Chiat Terrace sits above those reported transaction rates.

This gives potential buyers a more precise picture of its positioning, even as the marketing agents describe the price as broadly aligned with nearby deals.

These are also completed transactions being compared with an reserve price.

Differences in timing, site characteristics and development potential matter when assessing the figures.

The former site at 108 Joo Chiat Terrace is now being developed as Verdé Joo Chiat, an 18-unit residential project.

According to the October 5 report, nine units had been sold since its May launch, with recorded prices ranging from S$2,278 to S$2,484 psf.

Two other nearby developments, Straits at Joo Chiat and Koon Seng House, were reported as fully sold.

Both launched in 2024, with transaction prices across the projects ranging from approximately S$2,000 to S$2,350 psf.

Carin Puah, executive director at AlpsEdge, pointed to these results as evidence of buyer interest in smaller residential developments around Joo Chiat and Katong.

That sales activity offers useful market context. The price a developer is willing to pay for this site will still depend on its own assessment of construction costs, development possibilities and future demand.

Beyond the sale figures, the location offers the appeal of an established residential neighbourhood close to the dining and heritage streets of Joo Chiat and Katong.

According to the marketing information, I12 Katong, Parkway Parade and East Coast Park are approximately five to ten minutes away by car, depending on traffic.

The source also places Tanjong Katong Primary School and Haig Girls’ School within 1 km of the property. Tao Nan School, CHIJ (Katong) Primary and Ngee Ann Primary are reported to be within approximately 2 km.

The public tender for 146 and 148 Joo Chiat Terrace closes at 3pm on 17 November 2026.

AlpsEdge Real Estate and Brilliance Capital are handling the marketing exercise.

The next development to watch will be the tender outcome, including any confirmed buyer and agreed sale price.