SINGAPORE (EDGEPROP) - A freehold residential site at 74 Jalan Dermawan, off Hillview Avenue in District 23, is up for sale via an expression of interest exercise with a guide price of $15.88 million or $1,263 psf on the land area.

The site measures 12,574 sq ft is and is located at the cul-de-sac of Jalan Dermawan, within the Hillview Garden estate. The regular-shaped site sits on elevated ground, with an average plot depth of approximately 43m and a wide frontage of approximately 26m.

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The site is zoned for residential use. According to marketing agent Huttons Asia, the site can be redeveloped into a bungalow or subdivided into a detached property and two semi-detached houses.

“This elevated land sits on the highest point of Jalan Dermawan offering exclusivity and unparalleled views of the surrounding greenery. This is a rare offering for developers to acquire a freehold regular shape residential plot within Hillview," says Aric Lim, senior division director at Huttons Asia. Lee Sze Teck, senior director of research at Huttons Asia, adds that the plot is among the largest along Jalan Dermawan."It will appeal to multigeneration families who want to stay together and yet have their own privacy,” he continues.

The expression of interest exercise will close on Oct 23 at 3pm.

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