SINGAPORE - A single-storey detached house in Serangoon Gardens with the potential to be developed into two homes has been launched for tender with a price of $11.5 million, or $1,085 per sq ft on land.
Located at 18/20 Berwick Drive, the house spans two adjoining lots with a combined land area of about 10,602 sq ft. Subject to planning approval, the site could potentially accommodate either a pair of detached houses, two pairs of semi-detached houses or a combination of both housing types, said Savills Singapore in a statement on Wednesday (Oct 17). It also comes with a frontage of about 33m and a depth of 30m.
Suzie Mok, senior director of investment sales at Savills Singapore, said: "Supply of landed plots in well-established residential neighbourhoods is becoming increasingly rare. Coupled with limited supply of landed conventional housing in the pipeline, 18/20 Berwick Drive (held under single ownership), will appeal to developers who are acquiring sites for immediate redevelopment.
"The site may also be attractive to multi-generational families who favour this location for its quaint surroundings as well as the abundance of amenities."
The tender for 18/20 Berwick Drive will close on at 3pm on Nov 15.