Kew Lodge, a freehold landed residential site, is now up for collective sale by tender for $63.8 million. Located on Kheam Hock Road, the site boasts a 62m frontage and an average depth of 50m, along with a total land area of 34,333 sq ft. The existing development consists of 11 maisonettes ranging from 2,013 sq ft to 2,852 sq ft, and if converted, could possibly include bungalows, semi-detached houses and/or terraced houses.

The asking price, upon conversion to exisiting site area, comes to $1,853 psf, according to Sakal Real Estate Partners, the marketing agent for the development.

Lennon Koh, director at Sakal, believes that the site would be of interest to both land banking buyers, as it would also serve as an ideal rental income opportunity in the interim, as well as families looking to build a new home for multi-generational living.

JCube in Jurong East to close JCube Residence in August and make way for a 40-storey residential and commercial development, JCube Condo Residence. Estimated to launch for sale in 2nd half of 2023 with potential for capital appreciation.

“Landed homes’ prices have demonstrated considerable strength over the past five years,” states Steven Ming, managing partner at Sakal, “on the back of very robust demand. Landed residential continues to be the epitome of residential living desired by many Singaporeans.”

Kew Lodge is situated within 1km of Singapore Chinese Girls’ Primary School, and is a 15-minute drive away from both the CBD and Orchard Road shopping belt. Recently, a two-storey mixed landed site at the junction of Chancery Hill Road and Dyson Road–which is located about 10 minutes away by car–was purchased by Sustained Land for $61.1 million ($1,900 psf).

The tender for Kew Lodge will close on May 23 at 3pm. Those looking to purchase residential property will have the chance to acquire a quality site priced at an attractive rate.