Two 999 year-leasehold terraces in Kovan for purchase
A pair of terrace homes located at the 18th and 20th floors of Chiap Guan Avenue are available for auction. The two leasehold homes, which are 999 years old, are located in a landed housing estate located in Kovan. The two houses are comprised of an intermediate as well as a corner terrace. both are empty.
The properties are serviced by major expressways and highways which include Upper Serangoon Road, Yio Chu Kang Road and Kallang-PayaLebar Expressway as well as the Pan-Island Expressway. Nearby MRT stations include Kovan station and Serangoon Interchange. Normanton Park has Kent Ridge MRT as its nearest.
Nearby amenities include shopping malls in the suburbs like NEX, Heartland Mall, and Chomp Chomp Food Centre. Nearby international schools include those of the Australian International School, International French School and International French School. Nearby primary schools include Rosyth School and CHIJ Ou Lady of Good Counsel.
The homes are situated on a site of 4,744 square feet and an area of 16 meters along the street across Chiap Guan Avenue. The site is zoned as’residential and has a plot ratio of 1.4 in accordance with the Master Plan. The site is also governed by a height maximum of five floors.
Colliers acts as the exclusive agent for marketing for the two properties.
“This opportunity offers buyers the option to rebuild the terraces for either self-occupation- most suitable for multi-generational families who wish to stay close to each other; or alternatively for investment in the future, as the tenant market pool is buoyant in this locality due to its proximity to nearby international schools,” says Steven Tan, executive director Investment service at Colliers.
The homes will be auctioned off through a tender closing on the 26th of August.
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