PropNex Realty, Singapore’s largest real estate agency, has announced the collective sale of Casa Fidelio, a freehold landed development in District 15. The tender will open on 20 March 2025, with a reserve price set at $24m, translating to $1,388 per square foot on the land area. The site covers 1,606.6 square metres (approximately 17,293 square feet) and currently consists of seven cluster terrace units built in 1990.
Casa Fidelio is located in the tranquil residential enclave of Fidelio Street and is designated for residential use under the 2019 Master Plan, allowing for two-storey mixed landed development. This zoning offers developers the flexibility to create luxury cluster houses, landed terraces, or a single grand mansion, catering to ultra-high-net-worth individuals.
Laurence Wong, Head of Collective Sales at PropNex, highlighted the site’s potential, stating, “Casa Fidelio presents a rare and exciting redevelopment opportunity for developers and investors looking to capitalise on Singapore’s resilient landed housing market.” He noted the site’s regular shape and ample size as advantageous for designing a modern residential development.
District 15 is one of Singapore’s most sought-after residential areas, known for its vibrant community and strong housing demand. The limited supply of freehold land in this prime location enhances Casa Fidelio’s appeal as a long-term investment opportunity. Despite interest, homes at Casa Fidelio have been tightly held, with no transactions since 2021.
The site is well-connected to major expressways and public transport, with nearby amenities including East Coast Park, Katong, and Joo Chiat precincts. The tender for Casa Fidelio will close on 22 April 2025 at 3 PM, inviting interested parties to submit offers for this rare redevelopment opportunity.
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