The asking price works out to a land rate of $1,100 psf. (Photo: Savills)
A pair of semi-detached homes within the Braddell Heights residential enclave has been put up for sale via expression of interest (EOI), revealed marketing agent Savills Singapore.
Located at 22 & 24 Jalan Lateh off Sommerville Road, the properties carry a guide price of $12.28 million, or $1,100 psf on the combined land area of 11,136 sq ft.
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Savills revealed that the semi-detached homes, which come with a built up area of about 5,000 sq ft each, may also be sold separately on an “as is” basis.
Zoned for two-storey mixed landed residential use under the 2014 Master Plan, the freehold site could be redeveloped into a pair of semi-detached or detached houses or a row of three terraces with a gross plot ratio of 2.072.
It is well-served by public transport as it is near Serangoon Bus Interchange and the Serangoon Interchange MRT (North East and Circle Lines). The site is also within proximity to Nex, the upcoming Woodleigh Mall as well as various schools including St Gabriel’s Primary School, CHIJ Our Lady of Good Counsel, Cedar Primary School, Australian International School, Paya Lebar Methodist Girls’ School (Primary), Lycee Francais De Singapour and Stamford American International School.
“Freehold landed plots with redevelopment potential in well-established and convenient residential neighbourhoods will remain attractive due to its increasing scarcity,” said Savills Singapore investment sales senior director Suzie Mok.
“The landed housing segment which is also unmatched in terms of exclusivity, privacy and size will remain a sought-after asset class with the professionals, mid and upper-mid income Singaporean owners,” she added.
The EOI exercise for the semi-detached homes closes on 18 February.
Meanwhile, the Straits Times reported that Leonie Gardens was relaunched for collective sale last month at the same reserve price of $800 million. This comes after its first en bloc attempt closed in June with no bids received.
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Romesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email romesh@propertyguru.com.sg