A 4-storey block of 24 apartments on Haig Road, comprising a freehold residential site, has been sold for S$49.3 million. This exceeds the owners’ initial asking price of S$48 million. The sale price equates to a land rate of S$1,286 per square foot per plot ratio for the 27,389 square foot site, which has a gross plot ratio of 1.4. No development charge is required for this transaction. The winning bid was submitted by Nanshan Group, a renowned developer known for projects like Thomson Impressions and Stirling Residences. Situated on a regular-shaped corner plot, the redevelopment site boasts dual frontage on Haig Road and Seraya Lane. It enjoys close proximity to various lifestyle amenities, including Katong Shopping Centre, I12 Katong, Paya Lebar Commercial Hub, and several schools such as Tanjong Katong Primary School, Haig Girls’ School, Tanjong Katong Girls’ School, Chung Cheng High School, and Canadian International School. Access to the site is convenient via Mountbatten Road, Tanjong Katong Road, Kallang-Paya Lebar Expressway, and East Coast Parkway. This unique enclave has garnered significant attention due to its prime location, attracting numerous prospective bidders. Ultimately, we were able to secure a price that surpasses the reserve price set by the owners. Please note that the sale is subject to approval from the Strata Titles Board.

Source: https://www.businesstimes.com.sg/property/haig-road-flats-sold-en-bloc-3rd-attempt-s493m-above-owners-asking

Ardor Residence brochure | www.ardor-residence.com.sg/