Zoned for “3-storey mixed landed housing”, vacant plot offers buyer the flexibility to develop it into various landed housing configurations
Singapore, 18 February 2025 – ETC (宜迪产业咨询公司) as the sole marketing agent, is pleased to offer for sale a rare freehold land parcel located at Jalan Jamal / Elite Park Avenue, in the highly coveted District 15. The site is available for sale through a tender exercise, which will close on Tuesday, 18 March 2025 at 3pm.
The regular-shaped freehold site spans approximately 3,300.7 sq m (approximately 35,528 sq ft), with dimensions measuring approximately 45 m by 68 m.
Under Master Plan 2019, the site is zoned for “3-storey mixed landed housing”. Currently a vacant site, the land parcel offers the successful buyer the flexibility to develop it into various landed housing configurations – including detached, semi-detached and/or terrace houses.
The asking price for the land parcel is S$38 million, which works out to a land rate of approximately $1,070 per sq ft.
Ms Swee Shou Fern (徐晓芬), Head of Investment Advisory of ETC, says, “Freehold land parcels of this scale in the coveted District 15 are rarely available for sale. What makes this site even more appealing is that it is a vacant plot of regular shape, offering developers a true blank canvas to create a bespoke landed housing project – without the constraints of existing structures or the need for demolition – in one of Singapore’s most desirable residential districts.”
Ms Swee adds, “Given the strong performance and steady capital appreciation of landed properties in District 15, we anticipate strong interest from developers looking to capitalise on this rare opportunity.”
Statistics from the Urban Redevelopment Authority’s Real Estate Information System indicate that property prices of landed homes in District 15 have recorded a compounded annual growth rate (CAGR) of 5.2% from 2015 to 2024. This surpasses the 4.3% CAGR observed for landed homes islandwide, highlighting this district’s resilience and strong growth potential.
Nestled within a sought-after landed housing enclave, the site offers an ideal blend of exclusivity, tranquility, and convenience. Just 180 meters from East Coast Road, future residents will enjoy easy access to a wide range of dining, retail, and lifestyle options, including popular malls such as Parkway Parade, Siglap V, i12 Katong, and East Coast Park.
The site also boasts excellent accessibility to other parts of the island. Siglap MRT Station on the Thomson-East Coast Line is a short walk away, while several public buses ply along East Coast Road. The East-Coast Parkway (ECP) expressway nearby provides seamless connectivity to other expressways including Marina Coastal Expressway (MCE), Pan Island Expressway (PIE), Kallang-Paya Lebar Expressway (KPE), and Ayer Rajah Expressway (AYE).
Nearby reputable educational institutions include Tao Nan Primary School, St Stephen’s School, CHIJ Katong (Primary), Tanjong Katong Primary School, Dunman High School, Chung Cheng High School, Victoria Junior College, among others..
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