98-98E Upper East Coast Road En Bloc Sale

A rare freehold redevelopment opportunity has entered Singapore’s collective sale market with the launch of 98-98E Upper East Coast Road for tender at a guide price of $14.128 million.

Located within the highly sought after Siglap enclave in District 15, the property is expected to attract keen interest from developers looking to capitalize on the growing demand for boutique residential projects in the East Coast area.

Marketed exclusively by PropNex Realty, the collective sale comes after the development successfully achieved the required 80 percent majority consent from owners.

The freehold site spans approximately 820.3 square metres and is zoned for residential use with a plot ratio of 1.4 under the 2019 Master Plan.

Based on the potential gross floor area including bonus balcony space, the guide price translates to around $1,068 per square foot per plot ratio for apartment redevelopment.

Developers exploring landed redevelopment options may find the site equally attractive, with the land price estimated at around $1,600 per square foot based on land area.

One major advantage is that there is no land betterment charge payable due to the site’s high development baseline.

Subject to approval from the relevant authorities, the property may potentially be transformed into a five-storey apartment development comprising 11 residential units.

Alternatively, developers could pursue a landed housing configuration consisting of:

✨ A pair of semi-detached homes
✨ One detached house
✨ Wide frontage of approximately 38 metres for design flexibility

The flexibility of redevelopment options positions the site as a highly versatile acquisition opportunity in one of Singapore’s most established residential neighborhoods.

One of the key highlights of the property is its strategic location near Siglap MRT Station on the Thomson East Coast Line.

Residents enjoy direct connectivity to the Central Business District, Marina Bay, Orchard Road, and Changi Airport.

The site also offers seamless access to the East Coast Parkway, making travel across Singapore convenient for both residents and future homeowners.