Casa Fidelio, located on Fidelio Street in District 15, will soon undergo a collective sale launch. The development, comprising of seven cluster terraces, is being marketed by PropNex Realty with a reserve price of $24 million. According to the agency, this is the first time the owners of Casa Fidelio are attempting to sell the property collectively.
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Built in 1990, Casa Fidelio sits on a freehold land area of about 17,293 sq ft that is zoned for residential use and designated for two-storey mixed-landed housing. It is situated in a prime location, just a short drive away from various amenities such as East Coast Park, Katong and Joo Chiat precincts, and malls including Siglap Village, Siglap Centre, and Bedok Mall. In addition, the future completion of Kembangan Wave, an integrated public housing project next to Kembangan MRT Station, is expected to bring even more amenities to the area.
Surrounding schools include Opera Estate Primary School, St. Stephen’s School, and Victoria School. PropNex suggests that the site has potential for redevelopment into a range of configurations, such as luxury cluster houses, landed terraces, or an expansive standalone property. Laurence Wong, head of collective sales at PropNex, says that the site’s regular shape and size allow for flexibility in designing a project that is both functional and aesthetically pleasing, making it an ideal location for a modern residential development that caters to the demand for landed homes in the East Coast area.
Recent property transactions in the area indicate strong potential for redevelopment of Casa Fidelio. In September 2021, a unit at Casa Fidelio was sold for $2.27 million ($1,198 psf). In 2024, two freehold landed homes on Fidelio Street were transacted, with a terrace house selling for $9 million ($2,629 psf on the land area) and a semi-detached house fetching $5.38 million ($2,643 psf on the land area). In addition, a corner terrace on Jalan Bangsawan, just 400m away, was recently sold for $3,541 psf in December 2024.
With its prime location, ample size, and potential for redevelopment, it is no surprise that the tender for Casa Fidelio will close on April 22 at 3pm. For interested buyers, it is advisable to keep a close eye on the property and its latest listings for Casa Fidelio properties.