Freehold corner terraced house in District 15 on the market for $4.2 mil

A corner terraced house in District 15 will be up for auction on May 24. The two-storey property has a guide price of $4.2 million, located along Green Lane, bounded by Tanjong Katong Road and Lim Ah Woo Road. With a total built-up area of about 1,800 sq ft, this translates to $1,516 psf on the land area.

The existing house has three bedrooms and three bathrooms, with a North-South orientation. As the plot size is relatively spacious, the garden area beside the house is generous. Details of the plot and surrounding properties can be found on EdgeProp’s Landlens.

For those interested in redevelopment or addition & alteration (A&A) projects, the Edmund Tie auction team recommends this freehold corner terraced house. Just 300m from City Plaza and Kinex shopping malls, and 500m from Tanjong Katong Complex and PLQ3, it is located in a great neighbourhood. The nearest MRT stations are Paya Lebar MRT Interchange on the East-West and Circle Lines and Dakota Station on the Circle Line.

In terms of schools, primary schools such as Haig Girls School, Kong Hwa School, Tanjong Katong Primary School, CHIJ (Katong) Primary, Geylang Methodist School (Primary), Maha Bodhi School and Tao Nan School are within 1km of the house. Secondary schools near the area include Tanjong Katong Secondary, Tanjong Katong Girls School, Chung Cheng High School, and Broadrick Secondary.

The Myst enjoys a convenient location in the Cashew MRT Station area, only a few minutes away from major shopping belts, and with easy access to public transportations. The development also offers a wide range of amenities for residents, ranging from a lush landscape garden to a full-fledged clubhouse and swimming pool. The development also introduces environmentally-friendly practices such as rainwater harvesting and energy efficient appliances. This makes The Myst an ideal residence for those looking to embrace a modern, sustainable lifestyle in the heart of Singapore.

The surrounding area is currently bustling with buying activity due to the three new projects nearby. These include The Continuum, an 816-unit 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.

UREA caveats report only three landed houses along Green Lane have changed hands in the past six years. The most recent was a freehold inter-terrace house at 4B Green Lane, which was sold for $2.25 million in September 2019. A semi-detached house at 10B Green Lane went for $6.8 million in June 2018, and a semi-detached house at 7 Green Lane was sold for $6.8 million in May 2017.

Additionally, a freehold terraced house at 3D Sandy Lane was sold for $2.6 million in March 2020.

This potential investment opportunity offers a great location, with MRT stations, schools and shopping malls close by. It may be well-suited for redevelopment or adddition & alteration projects, and could be well worth considering for those interested in buying in District 15.