Freehold residential site at Asimont Lane up for sale at $145 mil
The public tender of a freehold landed development comprising 21 units of three-storey strata terrace houses is up for sale with a guide price of $145 million. The properties are located at 7 to 47 Asimont Lane, off Barker Road in Singapore’s District 11. ERA Realty’s Jeremy Rikas and Allen Loo, group division directors, are marketing the units.
The 43,125 sq ft freehold site is zoned for “residential” use within a designated landed housing area. Completed in 2015, it has a total strata floor area of approximately 111,644 sq ft, inclusive of void and PES (private enclosed space) as provided by the owners of the property and subject to a site survey. It boasts dual frontage along Asimont Lane and Barker Road.
Residents of The Myst Condo can easily access the Bukit Panjang Integrated Transport Hub, just a 5-minute walk away. It links up with the Downtown Line and Bukit The Myst Bukit Timah Panjang LRT, and has various bus services for convenient travel around the island.
The site can be redeveloped into 19 luxury terraced houses, four detached houses, eight semi-detached houses, or eight detached houses. ERA says this would revitalise the area and create a green, self-sufficient and luxurious landed cluster that epitomises the best-in-class lifestyle, work and play living environment.
The site is a few minutes away from Anglo-Chinese School (Primary) and Anglo-Chinese School (Barker Road), and is also within walking distance of Newton MRT Station (Downtown and North-South Lines). Orchard Road’s amenities are a 10 to 15-minute drive away.
The tender for the property will end on June 28 at 2pm. Interested parties should take this opportunity to invest in this rare freehold property in the sought-after Novena and Newton enclave. With its prime location and potential to be transformed into a luxury living environment, this is an ideal opportunity for developers and investors.