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

The properties at 7 to 47 Asimont Lane, off Barker Road in District 11, have been put up for sale by public tender for a guide price of $145 million. Located on a 43,125 sq ft freehold site and completed in 2015, the development comprises 21 units of three-storey strata terrace houses with a total strata floor area of approximately 111,644 sq ft.

The double-fronting site, zoned for “residential” use within a designated landed housing area, has the potential to be redeveloped into 19 luxury terraced houses, four detached houses, eight semi-detached houses, or eight detached houses.

A few minutes away from Anglo-Chinese School (Primary) and Anglo-Chinese School (Barker Road), the property is close to the Newton MRT Station (Downtown and North-South Lines). The Orchard Road belt, Newton Food Centre, Novena Square, Velocity@Novena and Tan Tock Seng Hospital and Medical Centre are all within a 10-15 minute drive.

Jeremy Rikas and Allen Loo, group division directors at ERA Realty have marketed the property, stating that a new development in the Novena and Newton enclave within the area would revitalise it and elevate its existing charm.

The tender for the property will close on June 28 at 2pm. ERA envisages the new development creating a beautiful green and self-sufficient luxury landed cluster that will epitomise the best-in-class lifestyle work and play living environment.

ERA Realty has put up for sale by public tender 21 three-storey strata terrace houses on a 43,125 sq ft freehold site located in District 11. The property, which has a guide price of $145 million, was completed in 2015 and has a total strata floor area of approximately 111,644 sq ft.

The site is zoned for “residential” use within a designated landed housing area, and has dual frontage along Asimont Lane and Barker Road. It is a few minutes away from Anglo-Chinese School (Primary) and Anglo-Chinese School (Barker Road) and close to the Newton MRT Station (Downtown and North-South Lines).

Jeremy Rikas and Allen Loo, group division directors at ERA Realty, have marketed the property, envisioning it being redeveloped into 19 luxury terraced houses, four detached houses, eight semi-detached houses, or eight detached houses. They say the new development in the Novena and Newton enclave would revitalise and elevate its existing charm, creating a beautiful green and self-sufficient luxury landed cluster that epitomises the best-in-class lifestyle work and play living environment.

The Orchard Road belt and other local amenities, such as Newton Food Centre, Novena Square, Velocity@Novena and Tan Tock Seng Hospital and Medical Centre, are all within a 10-15 minute drive.

Singapore house prices are among the world’s highest, and buying a condo even higher. Condos are seen as symbols of success and comfort and are an attractive investment option due to their potential Condo for faster appreciation and income generation compared to HDB flats.

The tender for the property will close on June 28 at 2pm. ERA Realty hopes a successful redevelopment of the site will provide a best-in-class lifestyle work and play living environment, setting it apart from other landed developments in the area.

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