A freehold single-storey home at 537 Upper Changi Road was relaunched available through expression of interest (EOI) together with the asking price reduced to $13.8 million or $907 per sq ft (psf), shown advertising representative Knight Frank Singapore.
Zoned”home made, three-storey mixed-landed” beneath the 2014 Master Plan, the website has a place of approximately 15,212 sq feet and may be redeveloped to eight terrace homes, subject to police’ approval.
The land is within the Area of the Upper Changi MRT station on the Downtown , Simei MRT station on the East-West Line and Expo MRT interchange. It’s also close to Eastpoint Mall, Changi City Point and Singapore Expo.
“Throughout the prior exercise, the proprietor received many bids, however they failed to fulfill the prior asking price of $16 million. After all, the proprietor agreed to establish the land available at $13.8 million,” explained Mary Sai, Knight Frank Singapore executive manager for capital and investment markets.