It is announced on 8th April 2022 that the third time attempt at en bloc was successful for Haig Road Apartments at S$49.3 million. This is above the reserve price of S$48 million. Nan Shan Group purchased the Haig Road Apartments. They are the developer of developments such as Stirling Residences and Thomson Impressions.
Haig Road apartment block was put up for collective sale. The freehold 4-storeys with 24 residential units has a reserve price of S$48 million. This was announced by their sole agent, Colliers on 2 March 2022. The units comprise the odd unit numbers of 173/A/B/C to 183/A/B/C. The apartments sit on a 27,389 sqft land area with a 1.4 gross plot ratio. This works out to $1,252 per square foot per plot ratio (psf ppr) with the price of S$48 million. This plot of land is zoned for residential use. Potentially, this could be rebuilt into a 35-apartment building of average size of 1,100 sqft. There is no development charge payable for this apartment block.
Haig Road Apartments En Bloc Facade
A major advantage of this site’s location in the East Coast area is its proximity to a good many entertainment and F&B options which include I12 Katong, Kinex, Parkway Parade, East Coast Park and Dunman Food Centre.
The site is located at the junction between Seraya Road and Haig Road and is conveniently accessible via Kallang-Paya Lebar Expressway (KPE) and East Coast Parkway (ECP).
Nearby is also the Paya Lebar commercial district where one finds Park Place Mall, PLQ Mall and the Singapore Post Office. The last new condo launch was Park Place Residences, a 99-year leasehold development that was completed in 2019 with prices averaging at S$1,989 psf. The project consists of 429 residential units.
A variety of reputable schools are located within 1km to 2km, including Tanjong Katong Primary School, Haig Girls’ School, CHIJ (Katong) Primary, Kong Hwa School, Ngee Ann Primary School and Tao Nan School. The Canadian International School (Tanjong Katong Campus) is also with3n the 1km range.
High Appeal East Coast Condo:
There were a recent government land sale (gls) land parcel and another en bloc, namely Jalan Tembusu and Thiam Siew Avenue’s 25 landed houses respectively. There were 8 bids for Jalan Tembusu and City Developments Limited (CDL) was awarded the tender at S$1,302 psf ppr. With the attractive price put up for Haig Road apartment block and the high appeal of district 15 east coast locale, the en bloc should garner some good bids.
With so many different and exciting new condo launches in the Singapore property market, it will not be easy for you to decide which new launch condo is suitable for your purchase. Allow us to help you assess your finances, plan your priorities and determine your best options. Thereafter, we will go and view the list of developments that you have shortlisted.
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