The 999-year leasehold Haig Road Flats (above, left), located in a private residential estate in District 15, is up for collective sale at an indicative market price of between $51 million and $52 million ($1,323 to $1,361 psf per plot ratio (ppr)). According to marketing agent Century 21, individual owners can stand to pocket between $2 million and $2.1 million.

The 27,389 sq ft development at 173-183 Haig Road holds a four-storey residential block with 24 units, each ranging from 1,189 to 1,259 sq ft. The site has dual frontage to Seraya Lane and Haig Road.

Under the 2014 Master Plan, the site is zoned “residential”, with a gross plot ratio of 1.4 and a five-storey height restriction. It has a current gross floor area of about 38,344 sq ft, which can be redeveloped into 35 units with an average size of about 1,076 sq ft, subject to a Pre-Application Feasibility Study. A development charge is payable.

The site is near schools such as Tanjong Katong Primary School, Kong Hwa School, Haig Girls’ School and Canadian International School.

The tender will close on Aug 7.