The launch of a 999-year leasehold residential land parcel at Jalan Naung presents a rare opportunity for developers and homeowners looking for a prime piece of real estate in District 19. With strong accessibility, reputable schools nearby, and multiple development possibilities, this site is expected to attract keen interest.
Q&A Time
Q: What are the key details of the Jalan Naung land parcel for sale?
Anwer: The site is a 999-year leasehold residential land parcel spanning 5,408 sq ft, with an asking price of $8.38 million ($1,550 psf). It falls under the URA Master Plan 2019, zoned for three-storey mixed-landed development.
Q: What development possibilities does this site offer?
Answer: Subject to approval, the site has flexible development potential, including:
- A luxurious detached house for multi-generational living.
- A pair of semi-detached houses catering to affluent buyers.
- A strata mixed-landed development offering boutique housing options.
Q: What are the main selling points of this location?
Answer:
- Excellent Connectivity: Walking distance to Hougang MRT Station & Hougang Central Bus Interchange.
- Amenities: Close to NEX, Hougang Mall, and Heartland Mall.
- Education Hub: Within 1km of top schools like CHIJ Our Lady of the Nativity, Holy Innocents’ Primary, Montfort Junior, and Punggol Primary.
- Hassle-free acquisition: The plot is owned by a single seller, making the transaction process seamless.
Q: Who are the likely buyers for this land parcel?
Answer: This site is expected to draw strong interest from:
- Developers (both boutique firms and larger setups).
- Aspiring developers looking for investment opportunities.
- End-users keen on building their dream home, particularly those considering multi-generational living.
Q: Why is this a rare opportunity?
Answer: 999-year leasehold landed plots are highly sought after, especially in well-connected city-fringe locations like Hougang. Such plots offer near freehold status, ensuring long-term capital appreciation and intergenerational wealth transfer.
Commentary: What This Means for Investors and Homebuyers
This land parcel at Jalan Naung is an exceptional opportunity for investors and homeowners who prioritize long-term value, flexibility in development, and prime location advantages.
For developers, this is a chance to capitalize on growing demand for landed homes, especially in mature estates with strong amenities. For multi-generational families, the site’s proximity to MRT stations, schools, and shopping hubs makes it an ideal choice for a custom-built dream home.
With the EOI exercise closing on March 6 at 3 PM, interested buyers should act swiftly to explore their options.
Summary Highlights
- 999-year leasehold land parcel in District 19 (Jalan Naung).
- 5,408 sq ft land area, asking $8.38 million ($1,550 psf).
- Zoned for three-storey mixed-landed residential development under URA Master Plan 2019.
- Walking distance to Hougang MRT & major amenities (NEX, Hougang Mall, Heartland Mall).
- Within 1km of top schools (CHIJ Our Lady of the Nativity, Holy Innocents’ Primary, Montfort Junior, Punggol Primary).
- Rare opportunity due to its near freehold status and single-owner streamlined transaction.
- EOI closes on March 6, 3 PM – Strong demand expected.
Opportunities like this 999-year leasehold landed plot don’t come by often. If you’re considering a long-term investment, boutique development, or building your dream home, this could be the ideal site for you.
Reach out today for exclusive insights and a deeper discussion on how this property fits your real estate goals!