Unique Freehold Landed Development Site ‘Zion Road GLS’ in Novena for Sale at $22 Mil

The prime site located 113 and 113A Shrewsbury Road in Novena area’s District 11 of Singapore is being offered to interested developers and potential buyers through an Expression Of Interest (EOI) exercise. The Zion Road GLS site with a land area of 9,785 sq ft and wide frontage of 36m is zoned for residential purposes with a gross plot ratio of 1.4 and carries a guide price of $22 million.

Land prospective buyers and developers will be delighted to know that they can take advantage of the freehold tenure along with the prime location situated within walking distance of Velocity @ Novena Square, Square 2 and United Square, HealthCity Novena and KK Women’s and Children’s Hospital as well as the renowned St Joseph’s Institution Junior and Hong Wen School.

Zion Road GLS is incredibly close to several MRT stations such as Fort Canning MRT station, Redhill MRT station, Somerset MRT station, and Great World City MRT station, making the area easily accessible. Furthermore, Zion Road Condo is connected to major expressways across Singapore, including the Central Expressway (CTE) and Ayer Rajah Expressway (AYE). Within minutes, residents can conveniently access prominent business areas and leisure hubs.

Managing director of Investment Sales at ERA, Tay Liam Hiap said, “The wide road frontage and regular site configuration facilitates land subdivision and it also has a high development baseline with no expected Land Betterment Charge (LBC) to be payable. This Zion Road GLS site combined with its close proximity to amenities and reputable schools makes this an ideal opportunity to build a multi-generational home for generations.”

For buyers looking to construct a multi-generational home as well as developers, this Zion Road GLS site offers a unique and exciting opportunity. With its excellent location and no Land Betterment Charge (LBC) to be paid, ERA Realty Network, the appointed marketing agent for the site, are inviting all interested parties to participate in the EOI exercise.

Sales transactions of landed houses on Shrewsbury Road have been increasing due to the attractive location and sites like this Zion Road GLS site are becoming rarer. All interested parties have until Dec 19 at 3pm to submit their EOI.