A rare opportunity has emerged for property developers as ETC, a commercial real estate advisory firm, announces the sale of a freehold land parcel in Singapore’s coveted District 15. The site, located at Jalan Jamal / Elite Park Avenue, is available through a tender process closing on 18 March 2025 at 3pm.
The land parcel, spanning approximately 3,300.7 square metres (35,528 square feet), is zoned for “3-storey mixed landed housing” under the Master Plan 2019. With an asking price of S$38 million, the land rate is approximately S$1,070 per square foot. The site is currently vacant, offering developers a blank canvas to create bespoke housing projects without the need for demolition.
Swee Shou Fern, Head of Investment Advisory at ETC, highlighted the uniqueness of the offering: “Freehold land parcels of this scale in the coveted District 15 are rarely available for sale. What makes this site even more appealing is that it is a vacant plot of regular shape, offering developers a true blank canvas to create a bespoke landed housing project.”
The site is strategically located just 180 metres from East Coast Road, providing future residents with access to dining, retail, and lifestyle options, including popular malls like Parkway Parade and i12 Katong. Additionally, the site boasts excellent connectivity with Siglap MRT Station nearby and access to major expressways.
The Urban Redevelopment Authority’s Real Estate Information System reports a 5.2% compounded annual growth rate for landed homes in District 15 from 2015 to 2024, surpassing the islandwide rate of 4.3%. This underscores the district’s resilience and growth potential, making the land parcel an attractive investment for developers.
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