Freehold residential site at Asimont Lane up for sale at $145 mil

For sale by public tender is a freehold development comprised of 21 three-storey strata terrace houses located on a 43,125 sq ft site in District 11, at 7 to 47 Asimont Lane off of Barker Road in Singapore. Jeremy Rikas and Allen Loo, group division directors at ERA Realty, are marketing the property with a guide price of $145 million.

Major milestone in Singapore’s property market: Tengah Plantation Close EC, a joint venture between the Government and Oxley Holdings, to Tengah Plantation EC be largest EC development in the country.

The terrace houses were completed in 2015 and contain a strata floor area of 111,644 sq ft, including void and PES (private enclosed space). The site has dual frontage along Asimont Lane and Barker Road and could be redeveloped into a variety of shape and sizes, including 19 luxury terraced houses, four detached houses, eight semi-detached houses, or eight detached houses.

This property is just a few minutes’ walk from Anglo-Chinese School Primary, as well as the Newton MRT Station which serves the Downtown and North-South Lines. Orchard Road, Newton Food Centre, Novena Square, Velocity@Novena and Tan Tock Seng Hospital and Medical Centre are all a 10 to 15-minute drive away. The redevelopment of the site is expected to create a beautiful green and self-sufficient luxury landed cluster that epitomises the best-in-class lifestyle work and play living environment.

The tender for this property closes on June 28 at 2pm. Those interested in viewing or bidding should contact ERA Realty for further information.