A pair of semi-detached houses in the Braddell Heights landed estate in District 13 has been launched for sale via Expression of Interest (EOI), announced marketing agent Savills Singapore. The properties sit on a combined freehold plot of 11,136 sq ft, and have a guide price of $12.28 million, which translates to a land rate of $1,100 psf. The houses are also available to be sold separately on an ‘as is’ basis.
Located at 22 & 24 Jalan Lateh, off Sommerville Road, the rectangular-shaped plots have a 247.6 sq ft frontage and a 473.6 sq ft depth. The site is zoned for two-storey mixed landed residential use under the 2014 Master Plan. The properties could be redeveloped into a pair of detached or semi-detached houses, or a row of three terrace houses, that have a gross plot ratio of 2.072. Currently, the two houses have a built up area of about 5,000 sq ft each.
The two semi-detached houses have a guide price of $12.28 million (Credit: Savills Singapore)
The landed estate mainly comprises low-density landed homes on freehold or 999-year tenure. The area is served by the Serangoon MRT and Bus Interchange, and nearby malls include Serangoon NEX and the upcoming Woodleigh Mall.
The scarcity of freehold landed plots with redevelopment potential in well-established neighbourhoods mean they are an attractive property purchase among middle- and upper-middle income Singaporeans, says Suzie Mok, senior director of Investment Sales at Savills Singapore.
The EOI closes on Feb 18.