# Freehold residential site at Joo Chiat Terrace up for sale at $17.5 mil

- **Source:** EdgeProp Singapore
- **Published:** 2026-10-05T07:48:45.000Z
- **Author:** Atiqah Mokhtar
- **Original:** https://www.edgeprop.sg/property-news/freehold-residential-site-joo-chiat-terrace-sale-175-mil
- **Topics:** Private Residential, Commercial & Industrial, New Launches

## Featured rationale

Strong sales at nearby boutique projects signal demand for small freehold developments, which may support developer interest despite the site’s premium over recent land transactions.

## AI summary

The 10,247 sq ft freehold residential site at 146 and 148 Joo Chiat Terrace is offered at $17.5 million, or around $1,220 psf ppr.

## Original article

A freehold residential site at 146 and 148 Joo Chiat Terrace has been launched for collective sale at $17.5 million.

A three-storey residential block currently occupies the plot. Built in 1987, it comprises six apartments.

Owners of all six homes have consented to the en bloc sale, according to AlpsEdge Real Estate and Brilliance Capital, which are jointly marketing the property. The unanimous consent means the sale can avoid "the prolonged statutory process" for obtaining the relevant approvals for the collective sale, the firms added in an Oct 5 release.

Read also: Freehold industrial building at Kampong Ampat launched for collective sale at $105 mil

The site spans a land area of about 10,247 sq ft zoned for residential use, with a gross plot ratio of 1.4.

At $17.5 million, the site’s price works out to around $1,220 psf per plot ratio (psf ppr). The figure is in line with recent comparable transactions, which were done at land rates ranging from $1,110 to $1,175 psf ppr, the joint marketing agents said.

These include the sale of a freehold detached home at 108 Joo Chiat Terrace for $21.5 million ($1,175 psf ppr) in December 2024 and a trio of freehold terraced homes on Tanjong Katong Road plot that transacted for $10.86 million ($1,110 psf ppr) in March 2025.

Another recent comparable is Chiku Mansions, a four-storey walk-up block on Chiku Road that Macly Group bought for roughly $22 million ($1,168 psf ppr) in September last year. Macly is expected to redevelop the freehold site into a new boutique residential project with fewer than 20 units.

Meanwhile, the site at 108 Joo Chiat Terrace is now Verdé Joo Chiat, an 18-unit, five-storey residential block currently under construction. Caveats lodged show nine units have been sold since it launched in May, fetching prices from $2,278 to $2,484 psf.

The response points to “encouraging take-up for small, low-rise boutique projects” in the Joo Chiat and Katong precincts, said Carin Puah, executive director at AlpsEdge.

Read also: Trendale Tower on Cairnhill Road launched for collective sale at $168 mil

Other recent launches in the vicinity include Straits at Joo Chiat, a 16-unit freehold development on Joo Chiat Place, and Koon Seng House, a 17-unit apartment on Koon Seng Road. Both projects launched in 2024 and are fully sold. Units at the developments fetched prices ranging from around $2,000 to $2,350 psf.

The success of the launches provides “encouraging market validation” for the future development at 146 and 148 Joo Chiat Terrace, added Puah.

The site is located within the established Joo Chiat and Katong residential, heritage and lifestyle enclaves, with amenities such as I12 Katong, Parkway Parade and East Coast Park a five- to 10-minute drive away.

Tanjong Katong Primary School and Haig Girls’ School are within 1 km of the site. It is also within approximately 2km of other schools, such as Tao Nan School, CHIJ (Katong) Primary and Ngee Ann Primary.

The tender for 146 and 148 Joo Chiat Terrace will close at 3pm on Nov 17.

## Chinese translation

> Translation model: openai_codex_cli

### Joo Chiat Terrace 永久地契住宅地块以1,750万新元放售

该地块目前由一栋六个单位的公寓占用，现通过集体出售招标方式放售。

位于 Joo Chiat Terrace 146和148号的一幅永久地契住宅地块已推出集体出售，指导价为1,750万新元。

该地块目前由一栋三层住宅楼占用。该楼建于1987年，共有六套公寓。

联合营销该物业的 AlpsEdge Real Estate 和 Brilliance Capital 表示，全部六套住宅的业主均已同意进行 en bloc 集体出售。两家公司在10月5日的新闻稿中补充称，一致同意意味着该出售可避免为取得集体出售相关批准而经历“漫长的法定程序”。

另读：Kampong Ampat 永久地契工业楼以1.05亿新元推出集体出售

该地块占地面积约10,247平方英尺，规划用途为住宅，总地积比率为1.4。

按1,750万新元计算，该地块价格约为每平方英尺地积比1,220新元（psf ppr）。联合营销代理表示，这一数字与近期可比交易一致，后者的地价介于每平方英尺地积比1,110新元至1,175新元之间。

这些交易包括位于 Joo Chiat Terrace 108号的一栋永久地契独立屋于2024年12月以2,150万新元（每平方英尺地积比1,175新元）出售，以及 Tanjong Katong Road 地块上三栋永久地契排屋于2025年3月以1,086万新元（每平方英尺地积比1,110新元）成交。

另一个近期可比项目是 Chiku Mansions，这是一栋位于 Chiku Road 的四层无电梯公寓楼，Macly Group 于去年9月以约2,200万新元（每平方英尺地积比1,168新元）购入。预计 Macly 将把该永久地契地块重新发展为一个少于20个单位的新精品住宅项目。

与此同时，Joo Chiat Terrace 108号地块现为 Verdé Joo Chiat，一栋拥有18个单位、五层高且目前正在施工的住宅楼。已提交的买卖禁令显示，该项目自5月推出以来已售出九个单位，成交价介于每平方英尺2,278新元至2,484新元之间。

AlpsEdge 执行董事 Carin Puah 表示，这一反应显示 Joo Chiat 和 Katong 区内“小型、低层精品项目的销售表现令人鼓舞”。

另读：Cairnhill Road 的 Trendale Tower 以1.68亿新元推出集体出售

周边近期推出的其他项目包括位于 Joo Chiat Place、拥有16个单位的永久地契发展项目 Straits at Joo Chiat，以及位于 Koon Seng Road、拥有17个单位的公寓 Koon Seng House。两个项目均于2024年推出，并已全部售罄。这些发展项目的单位成交价介于约每平方英尺2,000新元至2,350新元之间。

Puah 补充说，这些新盘的成功为 Joo Chiat Terrace 146和148号未来的发展项目提供了“令人鼓舞的市场验证”。

该地块位于成熟的 Joo Chiat 和 Katong 住宅、文化遗产及生活方式街区内，距离 I12 Katong、Parkway Parade 和 East Coast Park 等设施约五至10分钟车程。

Tanjong Katong Primary School 和 Haig Girls’ School 位于该地块1公里范围内。该地块距离其他学校也约在2公里范围内，例如 Tao Nan School、CHIJ (Katong) Primary 和 Ngee Ann Primary。

Joo Chiat Terrace 146和148号的招标将于11月17日下午3时截止。