Childcare centre-approved site on Yio Chu Kang Road for sale at $14.8 mil
By Charlene Chin
/ EdgeProp Singapore |
SINGAPORE (EDGEPROP) - A site approved for childcare centre use at 331 Yio Chu Kang Road is on the market at a guide price of $14.8 million, according to Knight Frank, which is marketing the property.
331 Yio Chu Kang Road (Credit: Knight Frank)
The property comprises three storeys with a basement, and is on a 999-year leasehold. It has a gross floor area of 19,431 sq ft and occupies a site of 10,851 sq ft. Under URA’s 2019 Master Plan, it is zoned for residential with a gross plot ratio of 1.4.
The potential buyer has the option of continuing the building’s operations as a childcare centre, says Knight Frank. The property has also previously been approved for use as a commercial school, students’ hostel and nursing home.
The childcare centre serves the Sengkang estate, with approximately 66,600 households where 60% of residents are below the age of 45, says Knight Frank.
“Potential purchasers who are keen to join or continue this line of business can save the hassle of having to go through a tedious application process, as the property is in a readily operational state as a childcare centre,” says Sharon Lee, head of auction & sales at Knight Frank Singapore.
The expression of interest exercise for the property will close on Nov 5, at 3pm.
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