>

Residential land parcel at Jalan Naung for sale at $8.38 mil

By Ashley Lo

/ EdgeProp Singapore |

January 23, 2025 10:30 AM SGT

The 999-year leasehold land parcel, situated off Upper Serangoon Road in District 19, has a total area of 5,408 sq ft (Picture: Brilliance Capital)

A residential development site at Jalan Naung has been put up for sale via expression of interest (EOI) with an asking price of $8.38 million.

Under the URA Master Plan 2019, the land is zoned for residential use within a three-storey mixed-landed area. The 999-year leasehold land parcel, situated off Upper Serangoon Road in District 19, has a total area of 5,408 sq ft. The asking price works out to $1,550 psf on the land area.

According to Brilliance Capital, the sole marketing agent for the land, the site could potentially be developed into a detached house, a pair of semi-detached houses, or a strata mixed-landed development, subject to approvals from the relevant authorities.

The site is within walking distance of Hougang MRT Station and Hougang Central Bus Interchange. Lifestyle hubs such as NEX, Hougang Mall and Heartland Mall are also within a 10-minute drive.

Schools within a 1km radius of the site include CHIJ Our Lady of the Nativity, Holy Innocents' Primary School, Montfort Junior School and Punggol Primary School.

Brilliance Capital says the vacant plot of land is owned by a single seller, which will streamline the acquisition process and ensure a hassle-free transaction for potential buyers.

“We anticipate strong interest from developers, ranging from boutique firms to larger setups, aspiring developers, and end-users looking to build their dream home,” says Sammi Lim, the founder and executive director of Brilliance Capital.

She adds: “It is indeed rare for such a plot to be made available for sale in the market, particularly one that offers various options and permutations for development, catering to different needs and preferences, including multi-generation development.”

The EOI exercise for the land parcel will close on March 6 at 3pm.

Tags:

Jalan Naung

Follow our channels to receive property news updates 24/7 round the clock.

Subscribe to our newsletter

Top Articles

1

CDL-led consortium sells 86% of The Orie at launch, with prices averaging $2,704 psf

2

Bagnall Haus launched at average $2,450 psf; banks on freehold tenure, MRT and 15-year supply gap

3

Roxy-Pacific sells nearly 63% of Bagnall Haus at an average price of $2,490 psf

4

Is it a Good Deal?: $1.125 million for an almost new four-room HDB flat along Dawson Road

5

ANALYSIS: Numerous condo launches have pushed this district to the top

Our Site

Property Research

Condos

HDBs

Landed

Commercial

Industrial

Properties For Sale

Properties For Rent

Edgeprop.sg (previously known as The Edge Property Singapore) is the best property portal for real estate agents, investors, home-seekers and sellers alike in Singapore. On EdgeProp, you will be able to find the latest and hottest property news, property listings, and access tools for your research and analysis.

Whether you are looking to buy, sell or rent apartments, condominiums, executive condos, HDBs, landed houses, commercial properties or industrial properties, we bring you Singapore’s most comprehensive and up-to-date property news and thousands of listings to facilitate your property decisions. Click into any listing to check out the new AI Redesign tool to envision your property based on your preferred style, be it Scandinavian, Minimalist or many others.

Make data-driven property decisions with our easy-to-use free and paid tools. The Edge Fair Value tool lets users calculate the fair value of a property, while the En Bloc Calculator helps to determine the probability of a Singapore project being put up for collective sale. Our whole new Research tool provides you data on past transactions, price trends, and more for condos, HDBs, landed houses, commercial properties and industrial properties.

Aside from that, EdgeProp also offers a market trends tracker that lets you access historical property data, sales volume and compare how similar properties are selling, a heatmap that shows you where Singapore’s most popular property sales locations are, a HDB lease tool to calculate your HDB tenure, an affordability calculator, and property alerts to track your preferred Singapore property by project or location, as well as information on new launches.

On the lookout for undervalued property or looking to rent? EdgeProp’s powerful search filters will let you personalise your property-seeking experience – whether you are looking for a property near MRT stations, amenities like schools, or within a HDB Estate or District – so that you find exactly what you are looking for.