Casa Fidelio, a freehold landed development on Fidelio Street, off New Upper Changi Road in District 15, will be launched for collective sale by tender on March 20. The development has a reserve price of $24 million, which works out to a land rate of $1,388 psf, says PropNex Realty, the marketing agent for the site. The agency adds that this is Casa Fidelio owners’ first attempt at an en bloc sale.
Casa Fidelio is a strata-titled landed development comprising seven units of cluster terraces completed in 1990. The development occupies a land area of about 17,293 sq ft that is zoned for residential use. The land is designated for two-storey mixed-landed housing.
A map showing the location of Casa Fidelio (Source: EdgeProp LandLens)
The development is situated in a landed housing enclave a short drive away from various amenities including East Coast Park, dining and lifestyle options at the Katong and Joo Chiat precincts, and malls including Siglap Village, Siglap Centre and Bedok Mall.
More amenities are expected upon the future completion of Kembangan Wave, an integrated public housing project next to Kembangan MRT Station that will include a community club with an eating house, supermarket and outpatient healthcare facility.
Schools within the vicinity include Opera Estate Primary School, St Stephen’s School and Victoria School.
According to PropNex, the site could be redeveloped in a variety of configurations, including luxury cluster houses, landed terraces, or an expansive standalone property. “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 it is well-poised for transformation into a modern residential development that caters to the demand for landed homes in the East Coast area,” says Laurence Wong, PropNex’s head of collective sales.
Caveats lodged show that the last time a unit at Casa Fidelio changed hands was in September 2021 when a house with a land area of 1,894 sq ft fetched $2.27 million ($1,198 psf).
PropNex highlights 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 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). “Notably, less than 400m away, a recently-built corner terrace on Jalan Bangsawan, off Swan Lake Avenue, was transacted at $3,541 psf in December 2024,” the agency adds.
The tender for Casa Fidelio will close on April 22 at 3pm.
