PropNex Realty has announced the launch of a collective sale tender for a prime freehold property at 98–98E Upper East Coast Road, with a guide price of $14.128 million. The property has secured the necessary 80% majority consent from owners, paving the way for its sale. The guide price equates to approximately $1,068 per square foot per plot ratio for flat redevelopment, whilst the land rate for landed housing redevelopment is about $1,600 per square foot. Notably, no land betterment charge is applicable due to the site’s high development baseline.
The 820.3 square metre site is zoned for residential use with a plot ratio of 1.4 under the 2025 Master Plan. Subject to approval, it could be transformed into a five-storey flat development comprising 11 units, or alternatively, a pair of semi-detached and a detached house. The property’s 38-metre frontage facilitates these redevelopment options.
Located in the vibrant Siglap area, the property benefits from excellent accessibility and lifestyle amenities. It is within walking distance of Siglap MRT Station on the Thomson-East Coast Line, providing easy connectivity to the Central Business District and beyond. The East Coast Parkway offers seamless access to Changi Airport and other parts of Singapore. The area is also home to renowned schools and a variety of dining, retail, and entertainment options.
Tracy Goh, Head of Capital Markets at PropNex, expressed optimism about the property’s appeal, citing its freehold tenure and prime location. “We anticipate healthy interest in the Property from both landed housing and flat developers,” she said.
The tender will close on 30 June 2026 at 3pm.
