Normanton Park Competition: 999-year residential site at Kovan up for sale

The 2.5-storey house located at 34 Jansen Road has five bedrooms and a pool. It covers a 9,617 square feet. Photo by Colliers

Marketing agent Colliers International revealed that a 999-year leasehold residential property at 34 Jansen Road was up for sale by expression of interest (EOI).

The 9,617 sq. ft. site is located within the Kovan estate’s landed housing enclave. It is zoned residentially under the 2019 Master Plan. There are a plot ratio and height control up to 5 storeys.

A detached house occupies the north-south-facing site. It has an area of approximately 4,800 sq. ft. Five bedrooms and a pool are part of the 2.5-storey house currently rented.

This sale poses as a competition to Normanton Park who is selling strata landed as well. Both will have similar sizes. However, one advantage that Normanton Park has is definitely the facilites. The only downside is the leasehold period, which explains the high price for the Kovan unit.

Colliers pointed out that the site is near the Kovan MRT Station and Serangoon MRT Interchange, as well as other amenities like NEX and Heartland Mall and Chomp Chomp Food Center and MyVillage.

Rosyth School and CHIJ Our Lady of Good Counsel are nearby schools.

Colliers stated that the site can also be accessed via major roads like Yio Chu Kang Road and Upper Serangoon Road. Hougang Avenue, Central Expressway, CTE, Kallang Paya Lebar Expressway, KPE.

This is a great investment opportunity. It is located in an area where all amenities are easily accessible and it is easy to connect by public transport or car. This site is affordable and can be self-occupied or redeveloped into a large detached home for multi-generational families. Steven Tan, Colliers International Executive Director, Investment Services, said that investors can expect a fair amount.

“Due to the proximity of international schools, the current tenant market is also buoyant.”

The EOI process for residential sites closes on 22 July.

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