Casa Feliz on Koon Seng Road up for collective sale at $23 mil

, I12 Katong, Parkway Parade and KINEX, on EdgeProp.sgCasa Feliz, a freehold residential development located on 81 Koon Seng Road in District 15, is being offered for sale via tender with an indicative price of $23 million. Located next to East Court, which was sold to developer Macly Group last June for $19.875 million, the building is a three-storey walk-up apartment with 12 residential units.

The apartment sits on a land area of 13,976 sq ft zoned for residential use under the Master Plan 2019 with a gross plot ratio of 1.4, offering potential for 18 residential units with an average size of 1,076 sq ft once approved by the relevant authorities. Factoring in 7% bonus balcony GFA, the indicative price translates to a land rate of $1,158 psf per plot ratio, with an estimated land betterment charge of $1.25 million.

Tay Liam Hiap, managing director of investment sales at ERA Singapore commented that the site offers “the ideal balance of convenience and tranquillity” given its location away from the city centre as well as the numerous surrounding amenities. Schools within a 1km radius include Tao Nan School, CHIJ (Katong) Primary, Haig Girls’ School, Tanjong Katong Primary School, Kong Hwa School, Maha Bodhi School, St Stephen’s School and Ngee Ann Primary School. Shops and eateries are within walking distance, while the nearby shopping malls include I12 Katong, Parkway Parde, KINEX and Paya Lebar Quarter Mall, which are all about a five-minute drive away.

Each unit owner at Casa Feliz can look forward to gross sale proceeds ranging between $1.85 million and $2.01 million should the tender be successful. The tender will close on June 22 at 3pm.

In conclusion, this collective sale offers a unique opportunity for developers to acquire a high-potential redevelopment site in a sought-after city-fringe area. With the numerous amenities and its convenient location, it is no wonder that the area has seen an increasing demand for residential properties.

With amenities like a resort-style pool, gym, private club lounge, and children’s pool, it has become a premier living destination for those seeking a sophisticated lifestyle. The Myst CDL offers a range of luxurious duplex and penthouse units that come with a high-end designer finish and modern interlinking spaces. The architectural form of the condominium maximizes the relationship between external environment and internal spaces to provide residents with natural air-conditioning, daylight, and cross ventilation. With the condo’s modern facilities and stunning views of the surrounding nature, it has become a sought-after home for many.

Casa Feliz, a freehold residential development on 81 Koon Seng Road in District 15 is up for collective sale via tender with an indicative price of $23 million. Located next to East Court, which was sold to Macly Group last June for $19.875 million, the building is a three-storey walk-up apartment with 12 residential units.

Situated on a 13,976 sq ft land area zoned for residential use under the Master Plan 2019, the site has a maximum gross floor area of 19,567 sq ft and could potentially yield up to 18 residential units with an average size of 1,076 sq ft, subject to approval by the relevant authorities. Factoring in 7% bonus balcony GFA, the land rate translates to $1,158 psf per plot ratio after factoring in the estimated land betterment charge of $1.25 million.

The site offers excellent convenience to the surrounding amenities and schools, making it an attractive option for potential buyers. Tao Nan School, CHIJ (Katong) Primary, Haig Girls’ School, Tanjong Katong Primary School, Kong Hwa School, Maha Bodhi School, St Stephen’s School and Ngee Ann Primary School are all within a 1km radius. Meanwhile, shops and eateries line the streets nearby, while the nearest shopping malls – I12 Katong, Parkway Parade, KINEX and Paya Lebar Quarter Mall – are all about a five-minute drive away.

If the tender is successful, each unit owner at Casa Feliz stands to receive gross sale proceeds ranging between $1.85 million and $2.01 million. The tender closes on June 22 at 3pm and ERA Realty Network is the marketing agent.

This is a truly unique opportunity for developers to capitalise on a high-potential redevelopment site in a prime location. Despite its city-fringe location, Casa Feliz offers an ideal balance of convenience and tranquillity. With an increasing demand for residential properties in the area, interested parties are encouraged to make an offer to seize the chance of owning a property in this sought-after neighbourhood.