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.
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 a total area of 5,573 square feet.
This asking price translates to approximately $1,952 per square foot based on the land area.
Huttons, the exclusive marketing agency for the property, indicates that the site has the potential to be developed into a detached house, pending approval from the necessary authorities.
The location is within walking distance of Tanjong Katong MRT Station, and lifestyle hubs like Katong Shopping Centre and Katong i12 are also just a short 10-minute stroll away.
Nearby schools within a 1 km radius include Tanjong Katong Primary School and Haig Girls School.
Aric Lim, the associate 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, all conveniently located near Tanjong Katong MRT station and commercial facilities. 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."
The EOI exercise for the land parcel will close on 12 March 2025 at 3pm.
Whatsapp Chat
