The Asimont Lane estate, a freehold landed development located in District 11 is up for sale by public tender at a guide price of $145 million. Composed of 21 three-storey strata terrace houses, the properties have a total strata floor area of approximately 111,644 sq ft, including voids and PES (Private Enclosed Space). The site also has dual frontage along Asimont Lane and Barker Road and is zoned for “residential” use within a designated landed housing area.

Jeremy Rikas and Allen Loo, Group Division Directors at ERA Realty, are marketing the properties. The site can be redeveloped into 19 luxury terraced houses, four detached houses, eight semi-detached houses, or eight detached houses.

The site is a few minutes away from Anglo-Chinese School (Primary) and Anglo-Chinese School (Barker Road). The Newton MRT Station, part of the Downtown and North-South Lines, is also nearby and within walking distance.

Further amenities such as Newton Food Centre, Novena Square, Velocity@Novena, Tan Tock Seng Hospital and Medical Centre, as well as the famous Orchard Road belt, are just a 10 to 15-minute drive away.

JCube is set to close its doors in August with a 40-storey residential and commercial development, JCube Condo Residence, set to replace it. This will bring extra homes, businesses and JCube Residence amenities to the Jurong Lake District. Potential launches, including JCube Condo Residence, may help relieve pent-up demand in the area.

The tender for the property will close on June 28 at 2pm. Rikas and Loo believe that “We envisage 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 41,125 sq ft freehold estate, built in 2015, is a great opportunity for potential purchasers to redevelop the site into a luxurious and modern estate. The close proximity to essential amenities makes it an attractive investment. With just over a month left to tender, you wouldn’t want to miss out on this great opportunity!