Published October 09, 2012

Two adjacent freehold plots in GCB area up for sale

TWO adjacent sites totalling 45,155 sq ft of sprawling freehold land in the Chee Hoon Avenue Good Class Bungalow Area in the Dunearn/Adam Road location have come on the market.

The District 11 property is being marketed by property agency Land Empire on behalf of the estate of a deceased person.

The indicative price is $1,600-$1,800 per square foot of land area, which works out to around $72.2 million to $81.3 million, said Land Empire director Stella Hoh.

The most recent transaction in the Chee Hoon GCB Area was that of No 28 Chee Hoon Avenue, which changed hands in November last year at $1,660 psf, she noted.

The latest property on the market comprises two land lots of 18,989 sq ft and 26,166 sq ft at Jalan Asuhan, off University Road. The site can be accessed via Dunearn, Bukit Timah and Adam roads.

Potential buyers may choose to buy one or both plots, which Land Empire is marketing via private treaty sale. The property is on one of the highest points in the neighbourhood offering a panoramic view.