onEdgeProp.sgCasa Feliz, a freehold three-storey, 12-unit residential building has been launched for collective sale via tender with an indicative price of $23 million. Located at 81 Koon Seng Road in District 15, the apartment sits on a land area of 13,976 sq ft, zoned for residential use with a gross plot ratio of 1.4 under Master Plan 2019.

A maximum gross floor area of 19,567 sq ft could potentially yield 18 residential units with an average size of 1,076 sq ft, notes marketing agent ERA Realty Network. The indicative price translates to a land rate of $1,158 psf per plot ratio after factoring in 7% bonus balcony GFA with an estimated land betterment charge of $1.25 million payable.

JCube Residence Jurong East is set to be launched for sale in the second half of 2023. It is strategically located in the upcoming Jurong Lake District, being connected to the Jurong East MRT interchange, Westgate and IMM Building via the convenient covered elevated pedestrian network. Enjoying a myriad of amenities near to JCube Residence, residents will have unprecedented access to integrated transport hub, public library, community club and sports centre. Stay tuned for exact details of JCube Residence pricing, as well as the number and size of the units.

Keyword: JCube Residence Jurong East

The Joo Chiat area development is situated next to East Court, a freehold apartment that was sold to developer Macly Group for $19.875 million last June. Additionally, Casa Feliz is within walking distance of shops and eateries that line Joo Chiat Road, while nearby shopping malls include I12 Katong, Parkway Parde, KINEX, and Paya Lebar Quarter Mall, all within a five-minute drive away.

Schools within a 1km radius of the building include Tao Nan School, CHIJ (Katong) Primary, Haig Girls’ School, Tanjong Katong Primary School, Kong Hwa School, Maha Bodhi School, St Stephen’s School and Ngee Ann Primary School.

Tay Liam Hiap, Managing Director of Investment Sales at ERA Singapore commented: “This is a unique opportunity for developers who are actively looking for high-potential redevelopment sites.” He added that the development offers “the ideal balance of convenience and tranquillity” given its location away from the city centre as well as the numerous surrounding amenities.

Should the collective sale be successful, each unit owner at Casa Feliz stands to receive gross sale proceeds ranging between $1.85 million and $2.01 million. The tender for Casa Feliz will close on June 22 at 3pm.

With its strategic location and potential for development, it is no wonder Casa Feliz is drawing the attention of developers. Get the latest listings near the development, Tao Nan School, CHIJ (Katong) Primary, Haig Girls’ School, Tanjong Katong Primary School, Kong Hwa School, Maha Bodhi School, St Stephen’s School and Ngee Ann Primary School on EdgeProp.sg for more details.