Sole marketing agent, JLL, has launched five freehold residential sites with a minimum asking price exceeding S$1.2 billion.

The five collective sale sites comprise:

• Cavenagh Gardens at Cavenagh Road
• Flynn Park at Yew Siang Road
• Rosalia Park at Lorong Ong Lye
• La Ville at Tanjong Rhu Road
• 75, 77 & 79 Lorong H Telok Kurau.

Regional Director at JLL Mr Tan Hong Boon, said he is expecting keen interest for the sites from local and foreign developers and investors, from small to large ones, given the varying locations, their own distinctive characteristics and the respective investment quanta. “2018 has been a phenomenal year for the Singapore residential collective sale market with 26 sites amounting to S$8.33 billion sold over the past four and half months, already close to the S$8.79 billion done for 2017," he said. 

"While many developers and investors have successfully acquired sites over the past year, there is still strong demand for residential lands given that the prices of private residential properties have reached the lowest point and they look set for further upswing over the medium term."

Hong Boon also said, "Developers, encouraged by their recent strong sale performances at new price levels, will continue their land acquisition efforts. We believe that these sites are timely and of interest to them given the unique selling points and compelling redevelopment potential.”

The close to half a billion dollar Cavenagh Gardens provides astute developers with an opportunity to develop a District 9 luxury product close to Orchard Road, a location familiar to locals and expatriates alike. 

The low-rise Flynn Park amidst the parks and greenery along the Southern Ridge offers an elevated terrain that the new development may be blended into nature and exploit the views to the sea. It is a sanctuary at the fringe of the city.

Rosalia Park at Serangoon Central enjoys a quiet location yet close to a host of amenities. The new development may capitalise on the vast Housing Development Board (HDB) hinterland for a large pool of potential upgraders.

The high-rise La Ville site in the Tanjong Rhu area is popular with families and young couples who treasure both convenience and an active lifestyle with the Singapore Sports Hub, Singapore Indoor Stadium, Gardens by The Bay East, the East Coast Park and the many offerings around Kallang Basin and Marina Bay.

Set in the tranquil Telok Kurau estate, the three combined bungalow sites at Lorong H are situated in a favourite location in the East with well-heeled locals and families enjoying an abundance of amenities and conveniences. 

For more information including land specifications, area details, tender closing dates and pricing information phone or email Tan Hong Boon from JLL via the contact details listed below.  

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