East Court, a freehold apartment building located on Koon Seng Road in the charming Joo Chiat neighborhood of District 15, has recently been acquired by developer Macly Group through a private treaty transaction valued at $19.875 million. This significant real estate deal, expertly executed on June 20 by William Gan, managing director of WGR Property Consultants, has piqued the interest of property enthusiasts and investors alike.
East Court boasts a generous 13,351-square-foot land parcel with a gross plot ratio (gpr) of 1.4. The building, constructed in 1986, stands as a low-rise structure, comprising eight spacious apartments ranging from 1,500 to 1,700 square feet, all housed within a single, four-story building.
The potential of this site is undoubtedly intriguing, as Macly Group has ambitious plans in the pipeline. Their vision is to transform East Court into a five-story marvel, offering a total of 19 luxurious apartments. Beyond the property’s boundaries lies the vibrant Joo Chiat Road, home to a plethora of dining and shopping establishments.
Residents will also enjoy easy access to several shopping centers, including Parkway Parade, i12 Katong, Katong V, and Katong Shopping Centre. For those seeking culinary delights, Dunman Food Centre is conveniently nearby. Nature enthusiasts can relish the proximity to East Coast Park, while shoppers will appreciate the accessibility of 85 Marine Parade Central Market.
East Court’s transition into the capable hands of Macly Group heralds an exciting chapter in the evolution of this prime real estate site to Koon Seng House. With innovative plans to elevate the property’s stature, the future looks promising for this coveted address on Koon Seng Road.
