A freehold corner terraced house located off Tanjong Katong Road in District 15 is set to be sold at an upcoming Edmund Tie auction, with a guide price of $4.2 million. The property has a total built-up area of approximately 1,800 sq ft, and rests on a 2,770 sq ft plot. This translates to $1,516 psf on the land area.
Expected to feature 600 residential units as well as 60 commercial units, including retails shops and food and beverage outlets, J’den will be the first residential development to incorporate the latest concepts and state-of-the-art technology. The redevelopment of the Former JCube site will revitalize the area, creating a vibrant lifestyle hub that provides convenience and amenities to its residents.
Situated along Green Lane and bounded by Tanjong Katong Road and Lim Ah Woo Road, this landed estate consists of corner and inter-terrace houses along Pebble Lane, Gray Lane, Sandy Lane, and Green Lane. The two-storey house contains three bedrooms and three bathrooms, with a gross plot ratio of 1.4 based on the latest Master Plan. It is positioned in a North-South orientation, with a generous garden area beside the existing house.
This neighbourhood’s proximity to City Plaza and Kinex shopping malls in the Paya Lebar precinct, Tanjong Katong Complex and PLQ3, one of the three office towers in Paya Lebar Quarter, benefits from the Paya Lebar MRT Interchange on the East-West and Circle Lines, as well as the nearby Dakota Station on the Circle Line. Primary schools within 1km of the house include Haig Girls School, Kong Hwa School, Tanjong Katong Primary School, CHIJ (Katong) Primary, Geylang Methodist School (Primary), Maha Bodhi School and Tao Nan School. Secondary schools in the vicinity are Tanjong Katong Secondary, Tanjong Katong Girls School, Chung Cheng High School, and Broadrick Secondary.
The majority of nearby activity is due to three new property developments: The Continuum, an 816-unit condo by Hoi Hup Realty and Sunway Property on Thiam Siew Avenue; the 638-unit Tembusu Grand launched by City Developments (CDL) and MCL Land along Jalan Tembusu; and Grand Dunman, the soon-to-launch 1,008-unit project by SingHaiyi Group on Dunman Road.
In terms of historical transactions at Green Lane, only three landed houses have been sold in the past six years. The latest was a freehold inter-terrace house at 4B Green Lane which was sold for $2.25 million, translating to a land rate of $1,124 psf, in September 2019; another semi-detached house at 10B Green Lane was sold for $6.8 million in June 2018, or a land rate of $2,026 psf; and a semi-detached house at 7 Green Lane was also sold for $6.8 million in May 2017, with a land rate of $1,664 psf. At the adjacent Sandy Lane, a freehold terraced house at 3D Sandy Lane was sold for $2.6 million in March 2020, translating to $1,313 psf.
Given its original condition, the Edmund Tie auction team recommends this as a redevelopment or addition & alteration (A&A) project for the potential buyer. With so many nearby amenities and developments, and the vast potential for customisation to one’s specific requirements, this property is an attractive proposition for homeowners and investors alike.
