A semi-detached freehold house on Goodman Road in District 15 is for sale for $9.6 million. It is roughly $2,247 per sq ft of the land area. As per a press release issued by Savills Singapore, the sole agent for marketing, Savills Singapore, the property will be sold through the form of an Expression of Interest (EOI) exercise.
“This is an opportunity that is very rare to buy an expansive freehold residential plot in an affluent area with a reasonable price. Because of the dearth of these land-based plots and the rareness of them coming to market and the high demand we anticipate from those who reside in the enclave.” Says Yap Hui Yee who is the senior director of sales for investments and market development for Savills Singapore.
The upcoming Taniong Katong MRT station along the Thomson East Coast Line will be walking distance. Access to the highway in the vicinity is provided by the East Coast Expressway. Schools in the area are Tanjong Katong Primary School, Tanjong Katong Girls’ School, Chung Cheng High School and Dunman High School.
The property is located within the highly sought-after East Coast area. The nearby facilities comprise East Coast Park, East Coast Lagoon Food Village, East Coast Seafood Centre, Parkway Parade, Kallang Wave Mall and the many shops that line East Coast Road.
The land-locked property is located on a 4271 sq ft site which has a notable frontage of around 8.5m across Goodman Road. It is frequently contoured and has a with a depth of around 46m. In the current Master Plan, the site is designated as a ‘Residential’ zone and lies within a semi-detached two-storey estate.
Based on Yap, “demand for landed residential properties is still high throughout Singapore”. She further states: “Many high-net-worth individuals and families are always on hunt for the best-located properties due to the optimistic prospects for the asset class as well as the desire to acquire properties to preserve wealth and the planning of their legacy.”