East Coast Bungalow Market Lowered Price 135 Mil

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The strategic location of Norwood Grand sets it apart as a prime beneficiary of the ongoing developments in the Woodlands Regional Centre Master Plan. Its ideal position, coupled with improved connectivity such as the upcoming RTS Link to Johor Bahru, offers residents unparalleled convenience and accessibility. With a multitude of local developments in the area, residents of Norwood Grand can anticipate a future where convenience and opportunities are within easy reach. This makes it not just a residential haven, but a shrewd investment for a modern and dynamic lifestyle, filled with endless possibilities and conveniences.

The current guide price of $13.5 million is for a 11,746 sq ft freehold bungalow located at 29A Jalan Hajijah, off Upper East Coast Road. The property, marketed by Savills Singapore, will be sold through an expression of interest (EOI) exercise.The bungalow, occupying a plot with a land area of 11,746 sq ft, is up for sale at a price of $13.5 million. This translates to a land rate of $1,149 psf. The property was previously listed for sale at $15.25 million ($1,298 psf) in September 2022 but failed to attract any buyers. Savills was the marketing agent at that time.Located at the end of a cul-de-sac on Jalan Hajijah, the freehold bungalow boasts an average plot depth of approximately 25 meters and an average plot width of approximately 32 meters. With a plot ratio of 1.4, Savills states that the site has the potential to be redeveloped into a bungalow or a boutique apartment block that can accommodate up to 15 units, pending approvals.Learn more: Semi-detached house at 8 Bournemouth Road on the market for $11.6 million.AdvertisementMoreover, according to Sophia Lim, director of investment sales & capital markets at Savills Singapore, this is a great opportunity to acquire a sizable freehold development site that also offers the flexibility to be redeveloped into various housing types. She also mentions that the demand for landed homes in District 16 continues to be positive, as many high-net-worth individuals and families are looking for well-located landed properties with a positive long-term outlook for this asset class.The expression of interest exercise for the sale of the bungalow will close on August 16. RELATED STORIES:Semi-detached house at 8 Bournemouth Road on the market for $11.6 millionColonial-style terraced house on Upper East Coast Road for sale at $3.88 millionRetail units at The Flow in East Coast going for $13.45 millionThe current guide price of $13.5 million is for a freehold bungalow located at 29A Jalan Hajijah, off Upper East Coast Road. The property will be sold through an expression of interest (EOI) exercise managed by Savills Singapore, the marketing agent.The bungalow rests on a plot of land that spans over 11,700 square feet. Its guide price is equivalent to a land rate of $1,149 per square foot. The property was initially put on the market for $15.25 million ($1,298 psf) in September 2022, but was unable to attract a buyer. During that time, it was also marketed by Savills.This bungalow, located at the end of a cul-de-sac on Jalan Hajijah, has an average depth of approximately 25 meters and a width of 32 meters. Its plot ratio stands at 1.4. According to Savills, the site has the potential to be redeveloped into either a bungalow or a boutique apartment block with a capacity of 15 units, provided approvals are obtained.See also: Semi-detached house at 8 Bournemouth Road on the market for $11.6 millionAdvertisementSophia Lim, Director of Investment Sales & Capital Markets at Savills Singapore, notes that this is an exceptional opportunity to acquire a sizable freehold development site with the added flexibility to be redeveloped into different housing options. She also mentions that in District 16, the demand for landed homes continues to be optimistic, with many high-net-worth individuals and families on the lookout for well-located landed properties with a favourable long-term outlook for this asset class.The sale of this bungalow will be carried out through an expression of interest exercise, which will close on August 16. RELATED ARTICLES:Semi-detached house at 8 Bournemouth Road on the market for $11.6 millionColonial-style terraced house on Upper East Coast Road for sale at $3.88 millionRetail units at The Flow in East Coast going for $13.45 million