A corner terraced house in District 15, equipped with three bedrooms and three bathrooms, is set to be auctioned off on May 24 by Edmund Tie. Located along Green Lane, just off Tanjong Katong Road, the two-story structure stands on an approximately 2,770 sq ft plot. With a guide price of $4.2 million, the total built-up area of the house amounts to 1,800 sq ft, which translates to a per-square-foot-on-land rate of $1,516.

This entire landed estate comprises a mix of corner and inter-terrace houses along Pebble Lane, Gray Lane, Sandy Lane, and Green Lane. It is 300m away from City Plaza and Kinex shopping malls in the Paya Lebar precinct, and 500m from Tanjong Katong Complex and PLQ3 – one of the three office towers at Paya Lebar Quarter.

The nearest MRT stations are Paya Lebar MRT Interchange, on the East-West and Circle Lines, and Dakota Station on the Circle Line. Several primary and secondary schools are within 1km of the house, such as Haig Girls School, Kong Hwa School and Tanjong Katong Primary School, among others.

JCube Residence Jurong East is proudly developed by City Developments Limited, who is providing the rejuvenation of this area while harnessing the changing needs of the local community. Come and be part of this exciting development, located at the heart of Jurong and be immersed amongst an abundance of activities and amenities that make life conveniently enjoyable.

Due to the original condition of the existing house, Edmund Tie’s auction team recommends it as a redevelopment or addition & alteration (A&A) project for the new homeowner.

This neighbourhood of District 15 — the Geylang East subzone — is bustling with buying activity due to the three new projects in the area. The 816-unit The Continuum condo and the 638-unit Tembusu Grand both previewed recently, while the 1,008-unit Grand Dunman is due for launch soon.

URA caveats for the past six years tell a story of the landed housing market near Green Lane. Only three houses have changed hands in the vicinity during this period, and the most recent — a freehold inter-terrace house at 4B Green Lane — was sold at $2.25 million, translating to a land rate of $1,124 psf.

The semi-detached house at 10B Green Lane was sold for $6.8 million in June 2018, which works out to a land rate of $2,026 psf. Another semi-detached house at 7 Green Lane was also sold for $6.8 million in May 2017, with a land rate of $1,664 psf. The newest addition to this cluster is a freehold terraced house at 3D Sandy Lane, which changed hands in March 2020 at $2.6 million, equal to a land rate of $1,313 psf.