Residential Development Plot Seraya Road Sale 19 Mil

Public Tender Launched for Residential Land in District 15

A residential plot at 17 Seraya Road in District 15 has recently been put up for sale through a public tender. This land, which is nestled off Haig Road, encompasses an area of 11,956 sq ft and is listed with a guide price of $19 million, equating to approximately $1,157 per sq ft per plot ratio. This price also includes land betterment charges according to Knight Frank Singapore, the real estate firm handling the sale.

The plot is optimally located in a tranquil residential area just off East Coast Road, surrounded by various housing types including landed properties, low-rise buildings, and upcoming condominium projects like Singapore Condo, Tembusu Grand, and Emerald of Katong. The locality boasts proximity to several shopping centers, including i12 Katong, Katong Shopping Centre, and Parkway Parade, in addition to being near East Coast Park and multiple educational institutions such as Haig Girls’ School and Tanjong Katong Primary School within a 1km range.

Details on Development Potential

Under the 2025 Master Plan, the site at 17 Seraya Road is designated for residential development with a gross plot ratio of 1.4. This allows for the potential construction of a boutique residential project, which could feature around 13 units each averaging 100 sq m, pending approvals from the necessary authorities.

Market Prospects and Closing Date

According to Mary Sai, the executive director for capital markets at Knight Frank Singapore, the property is under a single legal title and is expected to draw significant attention from developers. The favorable family-centric environment and strong location are likely to attract developers interested in meeting the growing demand from young families in the area. The deadline for tender submissions is set for February 3rd at 3 PM.