999-year leasehold residential land for sale at Kovan Estate via Expression of Interest

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The 999-year leasehold residential land for sale at 34 Jansen Road has a site area of approximately 9,617 sqft

999-year leasehold residential land

Colliers International announced today that they will put a 999-year leasehold residential land up for sale via an Expression of Interest (EOI) on Thursday, 24 June 2021.

The real estate services company indicated that the guide price for the sale of the 999-year leasehold residential land at Kovan Estate is $10 million.

34 Jansen Road is located within the exclusive and serene landed housing enclave of the mature Kovan estate. It enjoys excellent accessibility via major roads, including Upper Serangoon Road, Yio Chu Kang Road, Hougang Avenue, Kallang Paya Lebar Expressway (KPE) and Central Expressway (CTE).

The 999-year leasehold residential land is zoned for residential use and has a plot ratio of 1.4 under the Master Plan 2019, with a height control of up to 5 storeys. This North-South facing plot has a site area of approximately 9,617 sqft.

The well-maintained detached house at the site of 999-year leasehold residential land is currently tenanted and has an existing built-up area of approximately 4,800 sqft consisting of 5 bedrooms across 2.5 storeys and a swimming pool.

This site is close to nearby amenities such as Heartland Mall, NEX, MyVillage and Chomp Chomp Food Centre. Connectivity is also enhanced given its proximity to the Kovan MRT station and Serangoon MRT Interchange. It is also a stone’s throw away to several international schools and primary schools, including the Rosyth School and CHIJ Our Lady of Good Counsel.

Steven Tan, Executive Director, Investment Services, commented, “This is a good investment opportunity in a convenient location where amenities are readily available, and there is excellent connectivity via public transport or by car. Investors can expect a reasonable quantum for this site which has the potential for self-occupation or redevelopment into a large detached house for multi-generational families. The current tenant market pool is also buoyant in this area due to international schools in the vicinity.”

The EOI for 999-year leasehold residential land at 34 Jansen Road will close on Thursday, 22 July 2021, at 3 pm.

Accessibility

34 Jansen Road is right at the midpoint of everything that matters in Singapore. Driving to the Central Business District, Marina Bay, Orchard Road, or Changi Airport will take you less than 15 minutes.

The development is within the hub of main arteries such as Upper Serangoon Road, Tampines Road, Tampines Expressway, Kallang-Paya Lebar Expressway, and Central Expressway, so travelling by car will be a hassle-free experience. In addition, the Kovan MRT Station (North-East Line) is just a 10-minute walk away.

Leisure and Lifestyle

Modern living won’t be complete without nearby malls and supermarkets, so there are several within your reach. You’ll be very near Heartland Mall, Nex, Hougang Mall, and Upper Serangoon Shopping Centre. You’ll never have a dull moment with their year-round attractions, like restaurants, boutiques, cinemas and others. For your daily needs, you can shop at the nearby Fairprice, Cold Storage, or Prime Supermarket.

There are sports facilities too, like Kovan Sports Complex, Hougang Stadium, and Serangoon Stadium. The nearest neighborhood parks in the area are Surin Avenue Park and Serangoon Community Park, either of which you can easily walk to from your new home. Punggol Park is also just a six-minute drive away.

Schools

34 Jansen Road is all about quality family living, so the developers made sure it’s a good, safe neighborhood where there are a lot of schools. You won’t have to sit in traffic for hours just to take your kids to school and back.

You can take your little ones to Pat’s Schoolhouse, Camberley Pre-school, PCF Kindergarten, or TPBC Kindergarten. The older kids can go to Xinghua Primary, Rosyth Primary, Zhonghua, or Holy Innocents Primary

Your teens can gear up for Maris Stella High School, Holy Innocents Secondary, Paya Lebar Methodist Girl’s School, Peicai Secondary, DPS International School, or Serangoon Junior College. For their tertiary education they can choose between Stansfield College, Uptrend (Hougang Campus), and Dimensions International College.

Wise Investment

Mr Paul Ho, chief mortgage officer at iCompareLoan, said: “A high-quality residential land like the one at 34 Jansen Road isn’t that common in Singapore, so it’s always a good investment.

“You can live with the peace of mind you can only have in a gated community at the edge of the city, and at the same time enjoy proximity to everything you need.”

But if you would rather live elsewhere, the 999-year leasehold residential land for sale is still a must-buy. With its proximity to the CBD, Marina Bay, and other centers of business, you’ll have a lot of potential tenants and expatriate families looking to rent a home in the area. For you, that would mean a generous income from rent.

Mr Ho added, “Buyers of landed properties should also do their homework if they are getting the best loans to enable their purchase. A good mortgage with the best interest rates could potentially save the buyers tens (if not hundreds) of thousands of dollars.”

The post 999-year leasehold residential land for sale at Kovan Estate via Expression of Interest appeared first on iCompareLoan.

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