A prime opportunity has emerged in the real estate market with the availability of a freehold residential site for sale on Upper Serangoon Road, priced at $36 million. This parcel of land, covering an area of approximately 19,000 square feet, is situated in a prime location that boasts excellent connectivity and proximity to essential amenities. The property is zoned for residential use, making it an appealing prospect for developers and investors looking to capitalize on the ongoing demand for housing in the area.
Located in a well-established neighborhood, the site benefits from its strategic positioning near key transportation hubs. The nearby Serangoon MRT Station and major bus routes ensure that residents will have convenient access to various parts of the city, enhancing the site’s attractiveness for potential buyers. Furthermore, the area is known for its vibrant community, featuring a mix of retail, dining, and recreational options, which adds to the overall appeal of the location.
The freehold nature of the site is particularly noteworthy, as it offers investors long-term ownership without the constraints associated with leasehold properties. This aspect is increasingly becoming a significant factor for buyers who prefer the assurance of owning land outright. The rarity of freehold residential sites in Singapore makes this offering even more enticing, as opportunities for such acquisitions are limited.
In addition to its prime location and freehold status, the site’s potential for development is substantial. With the increasing demand for residential properties in Singapore, the site presents an opportunity for developers to create a project that caters to the needs of modern homeowners. The potential for high-density residential development or a boutique condominium could yield significant returns on investment, aligning with current market trends favoring urban living.
The area surrounding Upper Serangoon Road has seen considerable growth and transformation in recent years, further enhancing the attractiveness of this site. The government’s urban planning initiatives, which aim to improve infrastructure and increase housing availability, are likely to contribute positively to property values in the vicinity. As such, this site stands to benefit from both organic growth and planned developments in the region.
Moreover, the competitive pricing of $36 million for this freehold residential site places it within reach for a variety of investors, from established developers to smaller-scale builders. The interest in such properties has been robust, indicating a strong market sentiment and confidence in the long-term prospects of the real estate sector.
This prime freehold residential site on Upper Serangoon Road represents a unique opportunity for investors to secure a valuable asset in a thriving locality. With its favorable location, potential for development, and long-term ownership benefits, it is poised to attract significant attention from the real estate community. As the market continues to evolve, this opportunity is one that should not be overlooked by discerning investors.
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News Source: Edgeprop
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