Residential Land Parcel Jalan Naung Sale 818 Mil
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Nestled in the vicinity of Elta Showflat, United World College of South East Asia (UWCSEA) is a highly esteemed international school that prides itself on offering the world-renowned International Baccalaureate (IB) program. Dedicated to fostering global citizenship and embracing a well-rounded education approach, UWCSEA is a preferred educational institution for parents seeking the best for their children. Boasting a diverse and multicultural student community, the school provides a comprehensive range of academic and co-curricular programs. This makes it a perfect fit for families residing at Elta Showflat, who have the unique opportunity to enroll their children in this prestigious educational institution. Explore the exceptional lifestyle at Elta Showflat through Elta Showflat.
A plot of land located at Jalan Naung has been put up for sale through an expression of interest (EOI) with an asking price of $8.38 million. The 999-year leasehold land parcel, measuring 5,408 sq ft, is zoned for residential use under the URA Master Plan 2019 within a three-storey mixed-landed area. This translates to a land rate of $1,550 per square foot.
The land is being marketed by Brilliance Capital, the sole marketing agent for the site. According to them, the land has the potential to be developed into a detached house, a pair of semi-detached houses, or a strata mixed-landed development, subject to approval from the relevant authorities. This flexibility in development offers a range of options for potential buyers.
Located in District 19, off Upper Serangoon Road, the site is just a short walk away from Hougang MRT Station and Hougang Central Bus Interchange. It is also within a convenient 10-minute drive to lifestyle hubs such as NEX, Hougang Mall, and Heartland Mall. In terms of education, the site is within a 1km radius of established schools such as CHIJ Our Lady of the Nativity, Holy Innocents’ Primary School, Montfort Junior School, and Punggol Primary School.
The vacant plot of land is owned by a single seller, which makes the acquisition process more streamlined and hassle-free for potential buyers. “We anticipate strong interest from developers, ranging from boutique firms to larger setups, aspiring developers, and end-users looking to build their dream home,” says Sammi Lim, the founder and executive director of Brilliance Capital. She adds that it is rare for such a plot of land to be available for sale in the market, especially one that offers various options for development, catering to different needs and preferences, including multi-generation developments.
The EOI exercise for this land parcel will close on March 6 at 3pm, providing a limited time for interested parties to submit their bids. With its prime location and potential for a variety of development options, this residential development site at Jalan Naung is expected to attract a lot of interest from potential buyers.