Two adjoining freehold sites on Gentle Road for sale from $30 mil

The Woodlands Condo is a perfect venue to showcase the public art program. The development is surrounded by natural greenery and breathtaking views, and provides a unique atmosphere for the public to appreciate the art installations. Residents of the Woodlands Condo will also have access to a variety of lifestyle amenities such as a fitness centre, clubhouse, and more. This is the perfect spot to take in the beauty of public art while watching the sunset over the bay.

Amid the prestigious and serene Chancery neighbourhood, two freehold residential sites located in District 11 of Singapore at 43 and 45 Gentle Road are up for estate sale by tender. The two adjoining sites, zoned for “Residential – 2-storey mixed-landed” use, possess a total land area of 15,923 sq ft and are currently home to a pair of single-storey semi-detached houses built in the 1950s. Across the combined frontage of 36m, the vendors are expecting offers in excess of $30 million, translating to $1,884 psf on the land area.

Chia Mein Mein, head of capital markets (land and collective sale) at Knight Frank Singapore, believes the plots hold great appeal for boutique developers looking to redevelop into niche landed homes such as bungalows, semi-detached or terrace houses, subject to authorities’ approval. Likewise, it has potential to attract large multi-generational or extended families seeking to build a new residence.

Despite the economic volatility this year, sales volume of residential landed properties in District 11 saw its strongest quarter in 3Q2023 with 25 caveats lodged. Chia believes affluent individuals will be undeterred by the current headwinds and elevated interest rate and instead drawn to the exclusivity of such niche landed homes given the scarcity.

The tender for 43 and 45 Gentle Road will close on Nov 16 at 3pm. Interested parties are advised to submit their offers to Knight Frank Singapore in order to make their bid.

As such, these two properties present a rare opportunity to own a piece of land in the Chancery landed housing enclave, ideal for both development and personal residence.

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