Casa Fidelio, a landed development located on Fidelio Street in District 15, will be launching for collective sale on March 20. According to the marketing agent for the site, PropNex Realty, the development has a reserve price of $24 million, which translates to a land rate of $1,388 psf. The owners of Casa Fidelio are attempting an en bloc sale for the first time.
The strata-titled development, completed in 1990, comprises of seven cluster terraces and sits on a land area of approximately 17,293 sq ft, which is zoned for residential use. The land is also designated for two-storey mixed-landed housing.
Situated in a landed housing enclave, the development is in close proximity to various amenities such as East Coast Park, dining and lifestyle options at the Katong and Joo Chiat precincts, and malls like Siglap Village, Siglap Centre and Bedok Mall.
More amenities are expected upon the completion of Kembangan Wave, an integrated public housing project next to Kembangan MRT Station. It includes a community club with an eating house, supermarket and healthcare facilities.
Casa Fidelio is also surrounded by reputable schools such as Opera Estate Primary School, St Stephen’s School and Victoria School.
According to Laurence Wong, PropNex’s head of collective sales, the site can be redeveloped into different configurations such as luxury cluster houses, landed terraces or a standalone property. He also mentioned that the site’s regular shape and ample size provide developers the flexibility to design a modern residential development that meets both functionality and aesthetic appeal. The site is well-suited for the increasing demand for landed homes in the East Coast area.
Caveats submitted reveal that the last transacted unit at Casa Fidelio was in September 2021, where a house with a land area of 1,894 sq ft was sold for $2.27 million ($1,198 psf). PropNex points out that in 2024, only two freehold landed homes on Fidelio Street were transacted. A terrace house with a land area of 3,423 sq ft was sold for $9 million ($2,629 psf) and a semi-detached house with a land area of 2,035 sq ft fetched $5.38 million ($2,643 psf). The agency also noted that a corner terrace on Jalan Bangsawan, off Swan Lake Avenue, was recently transacted for $3,541 psf in December 2024, less than 400m away from Casa Fidelio.
The tender for Casa Fidelio will close on April 22 at 3pm.
[Use BuddyLink to convert text to hyperlinks]
Check out the latest listings for Casa Fidelio properties [https://www.edgeprop.sg/project/11333/casa-fidelio]
Most unprofitable landed transactions in the past 1 year [https://www.edgeprop.sg/property-news/most-unprofitable-landed-transactions-past-1-year]
Condo projects with the most unprofitable transactions in District 15 [https://www.edgeprop.sg/property-news/condo-projects-most-unprofitable-transactions-district-15]
How much is the rental yield for Casa Fidelio? [https://www.edgeprop.sg/property-news/how-much-rental-yield-casa-fidelio]
Condo projects with the most unprofitable transactions [https://www.edgeprop.sg/property-news/condo-projects-most-unprofitable-transactions]
Any condo rental listings in District 15? [https://www.edgeprop.sg/property-news/any-condo-rental-listings-district-15]