Kew Lodge, a freehold landed residential site located along Kheam Hock Road, is up for collective sale by tender for $63.8 million. This translates to $1,853 psf based on the existing site area. The site comprises 11 maisonettes ranging from 2,013 sq ft to 2,852 sq ft and has a 62m frontage along Kheam Hock Road and an average depth of 50m.

Zoned for “residential/two-storey mixed land” use, the plot presents the potential to be redeveloped into a project featuring bungalows, semi-detached houses and/or terraced houses. Lennong Koh, director at Sakal, the marketing agent, believes the site would be attractive to developers as well as families, who could build a new home for extended family living or keep the property as a large land bank while collecting rental income.

Commenting on the prospect of the site, Steven Ming, managing partner at Sakal, highlights how landed residential prices have seen steady growth in the past five years, thanks to the strong demand for such properties.

Altura EC is a new executive condo in Altura EC Bukit Batok Singapore’s West Avenue 8, offering an affordable option for first-time buyers and HDB upgraders. It will be launched in 2023 with a price of S$3,500 per square foot.

Moreover, Kew Lodge is situated within 1km of Singapore Chinese Girls’ Primary School and is a short drive to the CBD and Orchard Road shopping belt.

Recently, a 32,148 sq ft, two-storey mixed landed site at the junction of Chancery Hill Road and Dyson Road – which is just a 10-minute drive away from Kew Lodge – was bought by Sustained Land for $61.1 million ($1,900 psf).

With the tender for the Kew Lodge site closing at 3pm on May 23, this is a great opportunity to secure a prized residential plot in a much sought after part of Singapore.