Misc

Freehold residential site at Asimont Lane up for sale at $145 mil

A freehold development of 21 units of three-storey strata terrace houses located at 7 to 47 Asimont Lane, off Barker Road in District 11, is up for sale by public tender at a guide price of $145 million. The property, zoned for “residential” use, was completed in 2015 and has a total strata floor area of approximately 111,644 sq ft. Situated a few minutes from Anglo-Chinese School, it is also within walking distance from Newton MRT station, with Orchard Road and other amenities being a 10-15 minute drive away.

Capitaland’s new 40-storey development J’Den in Jurong East features commercial and residential units, expected to launch in the second half J’Den Condo of 2023. It will include an integrated transport hub, leisure facilities and more.

ERA Realty’s Jeremy Rikas and Allen Loo, Group Division Directors, highlight that this site can be redeveloped into 19 luxury terraced houses, four detached houses, eight semi-detached houses, or eight detached houses. They believe this will create a beautiful, green and self-sufficient luxury landed cluster that epitomises the best-in-class lifestyle, work and play living environment.

With the tender closing on June 28 at 2pm, this is an ideal opportunity for developers and investors to acquire a freehold property with dual frontage along Asimont Lane and Barker Road.ERA group division directors Jeremy Rikas and Allen Loo are marketing a freehold landed development comprising 21 units of three-storey strata terrace houses at 7 to 47 Asimont Lane, off Barker Road in District 11, Singapore. With a guide price of $145 million, the 43,125 sq ft site offers a total strata floor area of approximately 111,644 sq ft.

Situated a few minutes from the Anglo-Chinese School and within walking distance of the Newton MRT Station, the property presents an ideal opportunity for developers and investors to capitalise on the luxurious lifestyle this location offers. With the tender closing on June 28 at 2pm, it is in reach to acquire a freehold property with dual frontage along Asimont Lane and Barker Road.

Rikas and Loo note that the site can be redeveloped into 19 luxury terraced houses, four detached houses, eight semi-detached houses, or eight detached houses to create a beautiful green and self-sufficient luxury landed cluster that epitomises the best-in-class lifestyle work and play living environment.

The area is surrounded by amenities such as Newton Food Centre, Novena Square, Velocity@Novena and Tan Tock Seng Hospital and Medical Centre all located within a 10-15 minute drive away. Orchard Road is also located a few kilometres away.

This is a unique opportunity for developers and investors to acquire a prominent piece of property in District 11 with a chance to transform the land into a luxurious lifestyle.