A two-storey corner terraced house off Tanjong Katong Road in Singapore’s District 15 will be put up for auction by Edmund Tie on May 24. With a total built-up area of approximately 1,800 sq ft, the house commands a guide price of $4.2 million, translating to a land rate of $1,516 psf.

The corner terrace is part of a freehold landed estate that features both corner and inter-terrace houses along Pebble Lane, Gray Lane, Sandy Lane, and Green Lane – where the property is located. Featuring three bedrooms and three bathrooms, the house has a gross plot ratio of 1.4 under the Master Plan.

Renovation-savvy buyers may find attractive potential in the generous garden beside the existing house, despite its original condition. Some 200m from City Plaza and Kinex shopping malls, and 500m from Tanjong Katong Complex and PLQ3, the nearest MRT Station is Paya Lebar Interchange, with Dakota station on the Circle Line being the next closest.

Within school distance from the house are Haig Girls School, Kong Hwa School, Tanjong Katong Primary School, CHIJ (Katong) Primary, Geylang Methodist School (Primary), Maha Bodhi School, Tao Nan School, Tanjong Katong Secondary, Tanjong Katong Girls School, Chung Cheng High School, and Broadrick Secondary.

The area will also be home to three new developments such as the 816-unit The Continuum condo by Hoi Hup Realty and Sunway Property, the 638-unit Tembusu Grand by City Developments (CDL) and MCL Land, and the 1,008-unit Grand Dunman by SingHaiyi Group.

Based on URA caveats, only three landed houses along Green Lane have changed hands in the past six years. The last was a freehold inter-terrace house at 4B Green Lane that sold for $2.25 million (land rate of $1,124 psf) in September 2019. The semi-detached house at 10B Green Lane went for $6.8 million in June 2018 (land rate of $2,026 psf), while the semi-detached house at 7 Green Lane went for $6.8 million in May 2017 (land rate of $1,664 psf).

At the adjacent Sandy Lane, a freehold terraced house at 3D Sandy Lane was sold for $2.6 million in March 2020, which translates to a land rate of $1,313 psf.

For a closer look at the plot and the surrounding properties, prospective buyers can click on EdgeProp’s Landlens. The May 24 auction is definitely an opportunity to consider for those looking for a fresh start or a redevelopment project in this bustling corner of District 15.

Check out the latest listings near Tanjong Katong Road, Green Lane, Pebble Lane, Gray Lane, Sandy Lane, The Continuum, Tembusu Grand, Paya Lebar MRT Interchange, Dakota MRT Station, Haig Girls School, Kong Hwa School, Tanjong Katong Primary School, CHIJ (Katong) Primary, Geylang Methodist School (Primary), Maha Bodhi School, Tao Nan School.

Edmund Tie’s upcoming auction puts a freehold corner terraced house off Tanjong Katong Road in District 15 up for grabs, with the two-storey house situated on an approximately 2,770 sq ft lot. With a guide price of $4.2 million and a total built-up area of 1,800 sq ft, it translates to $1,516 psf on the land.

Ideal for anyone considering a renovation or addition and alteration project, the corner terrace is a mere 300m from City Plaza and Kinex shopping malls and 500m from Tanjong Katong Complex and PLQ3. The property is close to Paya Lebar MRT Interchange and Dakota Station and near several schools such as Haig Girls School, Kong Hwa School and Tanjong Katong Primary School.

The area is being spruced up with three new projects – The Continuum, a 816-unit condo by Hoi Hup Realty and Sunway Property; Tembusu Grand, a 638-unit residental project by City Developments (CDL) and MCL Land; and Grand Dunman, a 1,008-unit development by SingHaiyi Group.

From URA records, three landed houses along Green Lane have changed hands in the past six years. They include a freehold inter-terrace house at 4B Green Lane that was sold for $2.25 million in September 2019, and a semi-detached house at 7 Green Lane which went for $6.8 million in May 2017. At the adjacent Sandy Lane, a freehold terraced house at 3D Sandy Lane was sold for $2.6 million in March 2020.

Residents of the Altura EC will be able to enjoy a wide range of nearby amenities. These include HillV2 Mall and West Mall, which offer a host of retail and F&B outlets, as well as recreational and educational centres such as Westwood Secondary School and the upcoming Jurong Regional Library. In addition, residents will be able to reach the city centre in less than 30 minutes via the nearby Jurong Lake MRT station.

This May 24 auction could be an opportunity for buyers looking for a fresh start or a redevelopment project in this bustling corner of District 15. Detailed information on the plot and the neighbouring properties can be found on EdgeProp’s Landlens.