Casa Fidelio, a freehold landed development located on Fidelio Street in District 15, will soon be up for collective sale by tender on March 20. The appointed marketing agent for the site, PropNex Realty, has revealed that the reserve price for the development is set at $24 million, equating to a land rate of $1,388 psf. This marks the first attempt by the owners of Casa Fidelio to launch an en bloc sale for their property.
Built in 1990, Casa Fidelio is a strata-titled landed development consisting of seven cluster terrace units. Nestled in a residential enclave, the development spans over an area of approximately 17,293 sq ft and is zoned for residential use under the two-storey mixed-landed housing category.
Conveniently located close to various amenities, such as East Coast Park, popular dining and lifestyle options at the Katong and Joo Chiat precincts, as well as shopping malls like Siglap Village, Siglap Centre and Bedok Mall, Casa Fidelio offers the perfect balance of tranquility and accessibility for its residents.
More amenities are expected to be added to the area with the upcoming completion of Kembangan Wave – an integrated public housing project situated next to Kembangan MRT Station. This project will feature a community club, eating house, supermarket and outpatient healthcare facility.
Reputable schools in the vicinity of Casa Fidelio include Opera Estate Primary School, St Stephen’s School and Victoria School.
PropNex highlights the site’s potential to be redeveloped into a variety of configurations, including luxury cluster houses, landed terraces, or an expansive standalone property. Laurence Wong, Head of Collective Sales at PropNex, believes that the site’s regular shape and ample size provide developers with the flexibility to design a project that maximizes both functionality and aesthetic appeal, and is well-suited for the growing demand for landed homes in the East Coast area.
Based on caveats lodged, the most recent transaction 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 also notes that in 2024, only two freehold landed homes on Fidelio Street were transacted – a terrace house occupying a land area of 3,423 sq ft that was sold for $9 million ($2,629 psf on the land area) and a semi-detached house on 2,035 sq ft of land that fetched $5.38 million ($2,643 psf on the land area). In December 2024, a corner terrace on Jalan Bangsawan, off Swan Lake Avenue, was also sold for a considerable $3,541 psf.
The tender for Casa Fidelio will close on April 22 at 3pm. Interested parties may check out the latest listings for Casa Fidelio properties through Ask Buddy, a platform that provides information on the real estate market in Singapore. You can also find the most unprofitable landed transactions in the past year, as well as condominium projects with the most unprofitable transactions in District 15. Additionally, if you are looking to invest, there are also listings for condominium projects with the most unprofitable transactions. For those interested in rental properties, you may also search for condo rental listings in District 15.