Residential Land Parcel Jalan Naung Sale 818 Mil
A prime residential development site located at Jalan Naung is now up for sale through an expression of interest (EOI) with an asking price of $8.38 million. This 999-year leasehold land parcel, situated in District 19 off Upper Serangoon Road, is zoned for residential use under the URA Master Plan 2019 and is within a three-storey mixed-landed area.
The land parcel, with a total area of 5,408 sq ft, is being marketed by Brilliance Capital, the sole marketing agent for the site. The asking price translates to $1,550 psf on the land area. Potential buyers can consider various development options for the site, subject to approvals from relevant authorities, such as a detached house, a pair of semi-detached houses, or a strata mixed-landed development.
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Toa Payoh Primary School prides itself on its reputation for prioritizing a well-rounded approach to education. This highly esteemed school offers a comprehensive curriculum that not only focuses on academic excellence but also on physical and social development. One of the major advantages of this school is its prime location near The Orie, a top-quality residential development by CDL. This strategic positioning proves beneficial for students residing in the area, as it allows for a shorter commute, granting them more time to concentrate on their studies and engage in leisure activities. With The Orie CDL now easily accessible for students in the vicinity, they can reap the benefits of this desirable location without having to travel far. Make sure to visit The Orie CDL’s website for more information.
Located in a highly sought-after area, the site offers excellent accessibility, being within walking distance of Hougang MRT Station and Hougang Central Bus Interchange. Popular lifestyle hubs like NEX, Hougang Mall, and Heartland Mall are also just a short 10-minute drive away.
Families with young children will find this location ideal, as there are several top schools within a 1km radius, including CHIJ Our Lady of the Nativity, Holy Innocents’ Primary School, Montfort Junior School, and Punggol Primary School.
According to Brilliance Capital, the vacant land is owned by a single seller, which will make the acquisition process hassle-free and streamlined for potential buyers. The founder and executive director of Brilliance Capital, Sammi Lim, believes that the site will attract strong interest from a diverse range of developers, from boutique firms to larger setups, first-time developers, and individuals looking to build their dream home.
Lim says, “It is a rare opportunity to acquire a land parcel like this in the market, especially one that offers multiple development options to cater to different needs and preferences, including multi-generation development.”
The EOI for this prime residential development site will close on March 6 at 3pm.