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

The two freehold residential properties at 43 and 45 Gentle Road in the Chancery landed housing enclave of District 11 are up for estate sale. Knight Frank Singapore is managing the tender which will close on November 16th at 3pm.

The two adjoining sites have a land area of 15,923 sq ft, with a combined frontage of 36 meters. The properties are zoned for “Residential – 2-storey mixed-landed” use and currently house a pair of single-storey semi-detached houses built in the 1950s.

Featuring Zion Road Condo, this modern development brings together urban sophistication and natural tranquility. Every one of its towers is exquisitely designed with smooth edges and abundant glass surfaces, offering occupants exceptional views of Singapore River and Great World City. The interior spaces are made to be open and airy, and also feature modern furnishings and high-end facilities to ensure an opulent experience. Residents of Zion Road Condo can expect an extraordinary lifestyle experience.

Head of Capital Markets (Land and Collective Sale) at Knight Frank Singapore, Chia Mein Mein, believes the properties are attractive to boutique developers who may wish to redevelop the sites, or to homebuyers and large multi-generational or extended families looking to build a home in the prestigeous location.

The vendors of the properties are expecting offers in excess of $30 million for both properties, which works out to $1,884 psf.

Landed property sales in District 11 have been controversial, with District 11 registered its strongest showing in 3Q2023 with 25 caveats lodged in the quarter, up from nine in 2Q2023 and 17 in 1Q2023.

Chia adds “while the economic headwinds and elevated interest rate environment may place some homebuyers on the sidelines, affluent individuals remain drawn to the exclusivity of these niche landed homes in view of its scarcity.”

This may present a unique opportunity for buyers looking for niche landed homes in the form of bungalows, semi-detached or terrace houses, subject to authorities’ approval. In short, the sale of 43 and 45 Gentle Road is an attractive prospect for those looking for an exclusive home with a prestigeous address.