A residential development site located at 2 Mugliston Road has been listed for sale through an expression of interest (EOI) process, with an asking price of $10.88 million or approximately $1,952 per sq ft based on the land area.
According to the URA Master Plan 2019, this land is designated for residential use and has a plot ratio of 1.4. The freehold land, positioned off Mugliston Road in District 15, spans an estimated land area of 5,573 sq ft.
The site has the potential to be developed into a detached house, subject to approval from the necessary authorities.
The location is within walking distance of Marine Parade and Tanjong Katong MRT Station. It is next to Katong Shopping Centre and a short walk to i12 Katong, Parkway Parade and Marine Parade Central Market and Food Centre.
Nearby schools within a 1 km radius include Haig Girls’ School and Tanjong Katong Primary School.
Aric Lim, Associate District Director of Huttons Asia, remarked, “We anticipate considerable interest from a diverse range of developers, encompassing boutique firms, aspiring builders, and individuals seeking to construct their dream home. It is quite rare for a plot like this to come onto the market, particularly one that presents the opportunity to rebuild a detached house at an attractive price point.”
“District 15 is the second most popular district among buyers looking for a landed home. Very few landed homes are available for sale in the Mugliston Road area. In the past 2 years, there has only been 1 terrace house sold for $2,232 psf on land. Buyers should not miss the opportunity to live in District 15,” concludes Lee Sze Teck, Senior Director of Data Analytics at Huttons Asia Pte Ltd.
The EOI exercise for the land parcel will close on 12 March 2025 at 3pm.
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Aric Lim, Associate District Director, R007953J
Tel: +65 8383 2838 |
Email: [email protected]
Huttons Asia Pte Ltd (Licence No: L3008899K)
