SINGAPORE, 22 July 2021- Colliers (NASDAQ and TSX: CIGI), a global leader in commercial real estate services, announced today that they will put a pair of 999-year leasehold terraces up for sale via tender on Thursday, 22 July 2021.
Image of 18 and 20 Chiap Guan Avenue
18 and 20 Chiap Guan Avenue is a pair of 999-year leasehold terraces located within the established and well sought after landed housing district of Kovan. The properties have a total site area of 440.7 sqm (approximately 4,744 sq ft) with a combined frontage of 16.0 metres and a depth of 27.5 metres. The properties comprise an intermediate and corner terrace and are currently vacant. The regular- configuration site is zoned for Residential use with a plot ratio of 1.4 under the Master Plan 2019 with a height control of up to 5 storeys.
The properties enjoy superb accessibility via major roads and expressways, including Upper Serangoon Road, Yio Chu Kang Road, Kallang Paya Lebar Expressway (KPE) and Pan-Island Expressway (PIE). Kovan MRT Station and Serangoon MRT Interchange are also within proximity, offering buyers alternative accessibility via public transport. Residents enjoy the convenience of surrounding amenities, with retail malls like NEX, Heartland Mall, and Chomp Chomp Food Centre just 5-minutes drive away. The site is also close to numerous international schools and primary schools, including the Australian International School, International French School, Rosyth School and CHIJ Our Lady of Good Counsel.
Steven Tan, Executive Director, Investment Services, commented, "This opportunity offers buyers the option to rebuild the terraces for either self-occupation - most suitable for multi-generational families who wish to stay close to each other; or alternatively for investment in the future, as the tenant market pool is buoyant in this locality due to its proximity to nearby international schools".
The tender for 18 and 20 Chiap Guan Avenue closes on Thursday, 26 August 2021, at 3pm.
The properties enjoy superb accessibility via major roads and expressways, including Upper Serangoon Road, Yio Chu Kang Road, Kallang Paya Lebar Expressway (KPE) and Pan-Island Expressway (PIE). Kovan MRT Station and Serangoon MRT Interchange are also within proximity, offering buyers alternative accessibility via public transport. Residents enjoy the convenience of surrounding amenities, with retail malls like NEX, Heartland Mall, and Chomp Chomp Food Centre just 5-minutes drive away. The site is also close to numerous international schools and primary schools, including the Australian International School, International French School, Rosyth School and CHIJ Our Lady of Good Counsel.
Steven Tan, Executive Director, Investment Services, commented, "This opportunity offers buyers the option to rebuild the terraces for either self-occupation - most suitable for multi-generational families who wish to stay close to each other; or alternatively for investment in the future, as the tenant market pool is buoyant in this locality due to its proximity to nearby international schools".
The tender for 18 and 20 Chiap Guan Avenue closes on Thursday, 26 August 2021, at 3pm.
For more information, please visit our property listing on this rare 999-year leasehold terraces.
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