A freehold redevelopment site with a total land area of 7,615 sq ft located on Bournemouth Road in District 15 has been put up for sale by auction. According to Edmund Tie & Co, the appointed marketing agent for the sale, the indicative price for the site is $1,200 psf, or around $9 million.

The site is occupied by an old post-war 2,000 sq ft detached house, which has a car porch, living and dining areas, two bedrooms and a kitchen space. Under URA’s Master Plan 2014, the site is zoned “residential” within “two-storey semi-detached”.

“The property can be subdivided and redeveloped into a pair of semi-detached houses or rebuilt into a bungalow,” says Joy Tan, head of auction at Edmund Tie & Co.

According to ET&Co, the site would then represent an excellent opportunity for both occupiers and investors to own a property in a coveted East Coast location. The auction will take place on Feb 28 at The Amara Hotel.