24 flats at Haig Road up for collective sale with S$48m indicative price

Published Wed, Mar 2, 2022 · 01:42 PM

A BLOCK of 24 flats along Haig Road will be put up for collective sale via tender with an indicative price of S$48 million on Thursday (Mar 3), sole marketing agent Colliers announced on Wednesday.

The freehold residential development sits on 27,389 square feet (sq ft) of land with a gross plot ratio of 1.4. This translates to S$1,252 per square foot per plot ratio (psf ppr).

According to Colliers, the 4-storey site can be redeveloped to house 35 units, each of an average size of 1,100 sq ft, subject to approval from relevant authorities. The property also has no development charge payable, Colliers added.

"This site offers an attractive opportunity for developers to construct a boutique development in an exclusive and tranquil environment that is near major amenities," said John Bin, Colliers Singapore's director of capital markets and investment services.

Located at the junction between Haig Road and Seraya Lane, the site is accessible through Mountbatten Road, Tanjong Katong Road, Kallang-Paya Lebar Expressway (KPE) and East Coast Parkway (ECP).

Within the property's 1-kilometre radius are educational institutions including Tanjong Katong Primary School, Haig Girls' School, Tanjong Katong Girls' School, Chung Cheng High School and Canadian International School. Leisure sites such as Kinex, I12 Katong, Parkway Parade, Dunman Food Centre and East Coast Park are also in its vicinity.