Speak with our consultants for your buying/selling needs
Editor's Pick
Touring A Freehold Landed Estate In Pasir Panjang (A Terrace Sold for $1.88m In 2021!)
Published 30 Jun 2024 |
0 comments |
|
8min read
...Shares
Get The Property Insights Serious Buyers Read First: Join 50,000+ readers who rely on our weekly breakdowns of Singapore’s property market.
BY TJPublished 30 Jun 20240 comments | 8min read
BY TJ
TJ's interest in property was sparked after returning from the UK- where balconies are not counted in one's square footage!- and finding that the Singapore property had totally changed in the 7 years she was away. When not reading and watching articles & videos about property, she is busy cooking and baking for friends, family & her blog Greedygirlgourmet
...Shares
As everyone looking to buy a property in Singapore knows, nothing is cheap, particularly not landed property. Hence when I saw that a terrace house at Neo Pee Teck Lane had sold for $1.88 million, albeit in 2021 and for a strata unit, I thought it would be interesting to check this estate in Pasir Panjang out! (Sadly prices have gone up since then – there has only been one sale after that, this time for $4.6 million (for a larger unit.)
Neo Pee Teck Lane is a very short stretch of landed houses, so we’ll also explore its neighbour, Pasir Panjang Road. (The houses along Pasir Panjang Road are generally larger than the ones at Neo Pee Teck Lane.)
I couldn’t get a parking space on Neo Pee Teck. I do think parking will be an issue living around here, so I parked at Pasir Panjang Road instead. (There is also a URA parking lot across the road.)Above is Neo Pee Teck Lane.Close-up of the terrace houses there.And this is Pasir Panjang Road (for comparison), it’s mainly semi-Ds towards the main entrance and terrace houses at the back.Close-up of the houses along Pasir Panjang Road.Walking further into Pasir Panjang Road.Another semi-D.There’s even a detached unit. (In the past, before the area was redeveloped, Pasir Panjang was full of huuuuuuge houses.)As you can see, most of the land has been subdivided now (hence the “A”, “B”, “C” etc in the house numbers.)Since this is not a through road, you’ll need to do a 3-point turn to exit. There are cars parked along the street, but it is fairly wide, so getting out is not too much of an issue.The plots here are all different in size, and some have really long driveways as shown above.This is the end of Pasir Panjang Road – it’s wide enough that 3 cars can park side by side. This area Is very close to NUS and the red block you see in front is part of the University campus.
We’ve seen all of Pasir Panjang Road now, so let’s head over to Neo Pee Teck Lane.
Continue left and you’ll reach a co-living residence (Coliwoo), Haw Par Villa, and eventually Vivocity.Across the road, there are several low-rise apartment blocks.The main road outside is quite wide but not that noisy and busy considering its size.We turn to the right to get to Neo Pee Teck Lane and pass some large houses along the way. There is also an Ibis budget hotel and a bus stop between both roads, where several buses stop.One of the words that came to mind when visiting this estate was “in the middle of nowhere.” I don’t mean “ulu” as the area is quite well-located, just off Clementi Road, close to Pasir Panjang and the Great Southern Waterfront as well as a short drive to town. However, it’s kind of “neither here nor there.” It’s a very small collection of landed houses next to a few budget hotels, and some shophouses, so it doesn’t feel very residential. However, despite being near the industrial area, you don’t see any factories, so it’s not really industrial either.The entrance to Neo Pee Teck Lane is in between the budget hotels.There’s also a vending machine outside Ibis Hotel in cases guests (or residents of the estate) get thirsty.Turning into Neo Pee Teck Lane. I found a fascinating article which showed photos of what the houses used to look like before the area was redeveloped. (Click the link to find out more. If you’re wondering who Neo Pee Teck was, and why a road was named after him, you may be interested in this article by one of his relatives as well as this short introduction to his life.)The houses are a little too close to the hotel for (my) comfort – this is the space between them.The houses here are all built in a mish-mash of styles.They are also much closer to each other than the ones at Pasir Panjang Lane (see how little space there is between each unit here, whilst at Pasir Panjang Lane, you can see through some of the houses thanks to the wider space in between them.)As mentioned, parking is in short supply here, but it seems residents can get season tickets (or drive across the road to park opposite.)That’s the parking lot in question – we can see it from the main entrance of Neo Pee Teck Lane.Some of the houses in Neo Pee Teck Lane.Many have been built up, but there are a few that have not yet maximised their plot ratio, as shown above.Remember what I said about potential parking issues along this street? The dustbins above corroborate my theory! (Often used to “chope” parking space.)The end of Neo Pee Teck Lane is much wider than the end of Pasir Panjang Lane, so it’s much easier to turn out here.The houses along the end of the street.
Since we’ve seen the whole street (I did mention it’s pretty small!) – let’s head out now and see what amenities you can find in the area.
As a point of comparison, average landed home prices (resale) in District 19, where Serangoon Gardens is located, was $1,853…
Ryan J ·
5 Aug 2024 ·
0 comments
Turn right out of Neo Pee Teck Lane and you find The Quay Hotel and Fragrance Hotel, two more budget hotels, and several vending machines.Continue past the hotel and you immediately reach a stretch of eateries. There is a halal Vietnamese restaurant, which has a good rating on Google. (4.5 of 407 reviews, at the time of writing.)Also an Italian restaurant.This is the main road outside Neo Pee Teck Lane, Pasir Panjang Road. It forms a major junction with West Coast Road and Clementi Road at the corner of the restaurants.Down the road is West Coast Road. Continue down that way and you’ll reach West Coast Park and the Japanese School.Turn left (from Pasir Panjang Road) and you’ll see Pasir Panjang Terminal and West Coast Highway. This will apparently be part of the Greater Southern Waterfront rejuvenation of the area in future so the area here may be pretty different a few decades later.Turn to the right onto Clementi Road, and you’ll eventually reach the Beauty World area. Along the way, we pass even more restaurants.Although there’s no supermarket within walking distance, there is a 7-11 convenience store.A dessert shop.More eateries – there is also a Thai and Taiwanese eatery.Across the road from the eateries, there’s a Far East Flora garden centre and several high-rise condos.
That brings us to the end of today’s tour. How did you find the area? Let me know in the comments!
TJ's interest in property was sparked after returning from the UK- where balconies are not counted in one's square footage!- and finding that the Singapore property had totally changed in the 7 years she was away. When not reading and watching articles & videos about property, she is busy cooking and baking for friends, family & her blog Greedygirlgourmet
