CBRE has announced the sale of a rare freehold site at 2 and 4 Jalan Ulu Siglap, currently operating as a nursing home, through an Expression of Interest exercise closing on 15 July 2026. The 13,523 sq ft site, zoned for residential use, presents significant redevelopment potential with a baseline Gross Floor Area of 18,713 sq ft and a plot ratio of 1.38.
The site, strategically located near East Coast Road, boasts a prominent 26-metre frontage and a 48-metre depth, making it ideal for efficient redevelopment. It is offered at a guide price of $28m, translating to approximately $1,462 per square foot per plot ratio for non-landed residential redevelopment, inclusive of a land betterment charge. For landed housing development, the price is approximately $2,070 per square foot on the land area.
Michael Tay, Deputy Managing Director and Head of Capital Markets at CBRE, highlighted the scarcity and desirability of such freehold land parcels in the Siglap precinct, noting their appeal to developers, homeowners, and investors. Joshua Giam, Director of Capital Markets at CBRE, added that there is strong demand for freehold development options among family offices and high net worth individuals, with potential for alternative redevelopment into service apartments for long-term rental income.
The property is surrounded by an established residential neighbourhood and is close to amenities such as Siglap V, Bedok Mall, and Parkway Parade. It also benefits from excellent connectivity, being a short walk from Siglap MRT station and a short drive from major expressways, providing easy access to the Central Business District and Orchard Road.
