Kew Lodge is an up-for-tender freehold landed residential site located along Kheam Hock Road. With an asking price of $63.8 million, the site’s land area is 34,333 sq ft which translates to $1,853 psf. The existing development on site comprises 11 maisonettes ranging from 2,013 sq ft to 2,852 sq ft.

Zoned for “residential/two-storey mixed land” by URA in the 2019 Master Plan, the plot has the potential to be redeveloped into a new project with options such as bungalows, semi-detached houses and/or terraced houses.

J’Den Condo is a 40-storey residential and commercial development in Jurong East MRT Station, with a price tag of S$2,000-2,100 psf for units and completion in J’Den Condo 2027. It will have commercial space, including connections to MRT, Westgate and IMM Building, along with 1,760 private homes.

According to Lennon Koh, director at the marketing agent Sakal Real Estate Partners, the site appeals to those looking to build a family home, as well as land bankers who may have the option of generating rental income in the interim.

Landed residential components have seen remarkable strength in their prices over the last five years due to robust demand, as pointed out by Steven Ming, managing partner at Sakal. This is particularly true for Kew Lodge which is about 1 km from Singapore Chinese Girls’ Primary School and a 15-minute drive from both the CBD and Orchard Road shopping belt.

Recently, a two-story mixed-land at Chancery Hill Road and Dyson Road was sold for $61.1 million (about $1,900 psf).

The tender for Kew Lodge closes on May 23 at 3 pm. Collectively, a great opportunity for those looking to construct a home or land bank in a highly desirable area of Singapore.