Spectacular Freehold Detached House on Melrose Drive and Zion Road GLS for Sale Tender for $16.8 mil

through tenderZion Road GLSLocated in District 13 of Singapore, the property at 3 Melrose Drive, offers a great opportunity for developers or families who are looking to rebuild the plot into one large detached house or two separate houses to cater to multi-generational living. The site is zoned for two-storey bungalows and residential use, and the URA Master Plan 2019 indicates it presents good redevelopment potential, subject to approvals. With a land area of 14,175 sq ft and an indicative price of $1,185 psf, this land is priced-to-sell when compared against the transacted values of landed properties traded in the area this year. Plus, potential buyers will benefit from having to pay little to no Land Betterment Charge as the site has a high development baseline.

Located in District 13 of Singapore, Zion Road GLS, the property at 3 Melrose Drive boasts the largest bungalow plot on Melrose Drive and offers a great opportunity for developers or families. Initially listed for sale through an expression of interest on Oct 18, the 14,175 sq ft site comprises two houses: a mid-1980s single-storey bungalow at the front and a 2½-storey detached house behind connected by a staircase. With a 40m frontage to Melrose Drive, and the URA Master Plan 2019 indicating the potential for good redevelopment subject to approvals, it is an ideal acquisition for those interested in multi-generational living.

Boasting a tranquil environment and strategic location, Zion Road GLS is a highly sought-after residential development for people of all ages. Whether you’re single or a family, residents of Zion Road GLS can enjoy ultimate convenience and comfort. With vibrant landscaped gardens, top-notch facilities, and convenient amenities, Zion Road GLS is truly the perfect home.

The indicative price for the property is $1,185 psf, and potential buyers will benefit from having to pay little to no Land Betterment Charge as the site has a high development baseline. The mid-1980s bungalow spans 3,000 sq ft with three bedrooms, while the 2½-storey house, built in 2013, boasts five bedrooms spread over 6,000 sq ft. Both come with en suite bathrooms, a living and dining area, a patio, utilities area, a helper’s room, a family room, lounge and a gym.

The property is accessible via the Lorong Chuan MRT Station on the Circle Line and from the Central Expressway (CTE) and the Pan Island Expressway (PIE). It is about a 15-minute drive to Orchard Road and less than a 20-minute from the CBD via the CTE. Moreover, it is within a 1km radius of many schools, including the CHIJ Our Lady of Good Counsel at Burghley Drive, Kuo Chuan Presbyterian Primary at Bishan Street 13, St Gabriel’s Primary at Lorong Chuan, and Yangzheng Primary at Serangoon Avenue 3.

The tender closes on Jan 16, 2021 at 2pm, and Singapore Permanent Residents with the Land Dealings Approval Unit (LDAU) approval can acquire the site as it has a land area of less than 150,695 sq ft. Overall, the Melrose Drive bungalow presents a good opportunity for developers or families looking to rebuild the plot into either a single, large detached house or two separate houses. Zion Road GLS

PropNex Singapore, the marketing agent, is confident the district 13 site is priced-to-sell when compared against the transacted values of landed properties traded in the area this year, offering a great acquisition opportunity.