A prime opportunity has emerged in the real estate market with a freehold residential site now available for sale. Located on Upper Serangoon Road, this parcel of land is listed at a price of $36 million, making it a noteworthy prospect for developers and investors alike. The site spans approximately 15,000 square feet, providing ample space for potential residential development. Its freehold status further enhances its appeal, as such properties are increasingly rare in Singapore’s competitive market.
Upper Serangoon Road is a well-established neighborhood known for its vibrant community and accessibility. The area is well-connected by public transportation, including both bus routes and nearby MRT stations, making it convenient for residents to commute to various parts of Singapore. Additionally, the site is situated in proximity to essential amenities such as schools, shopping centers, and recreational facilities, which adds to its attractiveness for potential buyers.
Investors may see this as a prime opportunity to capitalize on the growing demand for residential units in the region. The freehold nature of the property means that any development will not be subject to the leasehold restrictions that typically apply to many other sites in Singapore. This provides a level of security and long-term value for developers looking to establish a lasting presence in the area.
With the increasing population and urbanization trends in Singapore, the potential for profitable returns on investment is significant. The site is zoned for residential use, which opens the door for the development of various housing options, including condominiums or landed properties. Given the rising prices in the real estate sector, developers might consider creating upscale residential units that cater to the growing demographic of young professionals and families seeking quality living spaces.
The strategic location of the site also positions it well to attract a diverse range of potential buyers, enhancing the prospects for a successful development project. Moreover, the surrounding neighborhood is experiencing continual growth, with infrastructure developments and community enhancements underway. This ongoing transformation further supports the notion that investment in the Upper Serangoon area is likely to yield positive results.
As urban areas evolve, properties like the one on Upper Serangoon Road are expected to appreciate in value, making them a sound investment choice. With the current market conditions favoring residential developments and the increasing demand for housing, the freehold residential site represents a unique opportunity for forward-thinking investors and developers.
The combination of its desirable location, freehold status, and potential for high returns makes this property a compelling option in Singapore’s real estate landscape. As the market continues to evolve, those who recognize the value in such opportunities are likely to reap the rewards of their foresight and investment.
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News Source: Edgeprop
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