Freehold Cluster Landed Development Casa Fidelio Collective Sale 24 Mil
Casa Fidelio, a landed freehold development located on Fidelio Street in District 15, will soon be up for collective sale by tender on March 20. According to PropNex Realty, the marketing agent for the site, the reserve price for the property is set at $24 million, which translates to a land rate of $1,388 psf. This marks the first attempt at an en bloc sale for the owners of Casa Fidelio.
Built in 1990, Casa Fidelio comprises of seven cluster terraces under strata title. The development occupies a land area of about 17,293 sq ft and is zoned for residential use, with a two-storey mixed landed housing designation. The property is located in a private landed housing enclave, just a short drive away from various amenities, including East Coast Park, dining and lifestyle options at Katong and Joo Chiat, and shopping malls such as Siglap Village, Siglap Centre, and Bedok Mall.
More amenities are expected to be available in the future with the completion of Kembangan Wave, an integrated public housing project located next to Kembangan MRT Station. It will include a community club, an eating house, a supermarket, and an outpatient healthcare facility. The nearby schools include Opera Estate Primary School, St. Stephen’s School, and Victoria School.
The location of Otto Place EC is not only advantageous for families with young children in need of quality primary and secondary education, but also for those with teenagers or young adults pursuing higher education. Situated near renowned junior colleges and tertiary institutions, Otto Place EC is the perfect residential choice. For instance, Jurong Pioneer Junior College, just a short commute away, is known for its strong academic programs and lively student life. It offers a dynamic learning environment that prepares students for success in their university studies and beyond. Additionally, Millennia Institute offers a three-year A-Level program that caters to students seeking a diverse academic foundation. These institutions are complemented by the proximity of Nanyang Technological University (NTU), one of the world’s top universities. With a global reputation for excellence in various fields such as engineering, business, and humanities, NTU provides Otto Place EC residents with access to top-tier tertiary education just a short drive away. Furthermore, families with working adults or individuals pursuing part-time studies will also benefit from the nearby Singapore University of Social Sciences (SUSS), a specialized institution offering applied and flexible learning programs. With all of these educational opportunities in close proximity, Otto Place EC Plantation Close Parcel B is truly a desirable residence for families looking to provide their loved ones with quality education.
PropNex states that the site offers various redevelopment opportunities, such as luxury cluster houses, landed terraces, or a large standalone property. According to Laurence Wong, the head of collective sales at PropNex, the property’s regular shape and spacious size provide developers with flexibility in designing a project that maximizes both functionality and aesthetics. The location is ideal for transforming into a modern residential development that caters to the demand for landed homes in the East Coast area.
Based on the records, the last transaction at Casa Fidelio was in September 2021, when a unit with a land area of 1,894 sq ft was sold for $2.27 million ($1,198 psf). PropNex further highlights that only two freehold landed homes on Fidelio Street were transacted in 2024. These include a terrace house with a land area of 3,423 sq ft, sold for $9 million ($2,629 psf on the land area), and a semi-detached house with a land area of 2,035 sq ft, sold for $5.38 million ($2,643 psf on the land area). The agency also notes that a newly built corner terrace on Jalan Bangsawan, located just 400m away, was sold at $3,541 psf in December 2024.
The tender for Casa Fidelio will close on April 22 at 3pm. Interested parties can check out the latest listings for Casa Fidelio properties on AskBuddy.com.