Casuarina Properties sold a 25,054-square-foot freehold parcel on the intersection of Haig Road and Haig Lane to a partnership that included companies connected to Nobel Design’s, Lian Huat Group’s and 2E Capital’s for $32.8 million.

Presently is a three-story building on the District 15 site that has a total of 10 terrace residences and a cottage on it. The development was completed more than two decades ago, although some renovations were made around ten years ago.

The leases on the majority of the landed homes expire in the early part of 2022, thus most are now tenanted.

Tanjong Katong Secondary School is just across the street, and two elementary schools, Haig Girls’ School and Tanjong Katong Primary School, are all within walking distance.

The Developer can build a five-storey low-rise apartment complex on the site, which is designated for residential use under the 2019 Master Plan with a plot ratio of 1.4. It has potential to house up to 32 residences, each measuring an average of 100 square meters.

The $32.8 million price tag includes a development fee (DC) of about $264,602, translating to a land rate per plot ratio of $943 per square foot (psf ppr).

Things you might want to know more about Royal Hallmark at Haig Lane District 15

• Brochure
• Showflat
• Location
• Price PSF
• Floor Plan
• Developer Sale
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