A rare gem in Singapore’s property landscape, Casa Fidelio presents a limited collection of freehold cluster terraces nestled in the coveted District 15 enclave. Developed by Earmark Properties Pte Ltd in 1990, this tightly-held development comprises merely seven units of two-storey terraced houses situated at 114-114G Fidelio Street, occupying a substantial site area of 1,606.6 square meters.
The property owners have collectively decided to put Casa Fidelio on the market for en bloc sale, establishing a reserve price of $24 million, which translates to approximately $1,388 per square foot on land area. This marks the first collective sale attempt for the development, with the tender scheduled to close on April 22, 2025, at 3 PM, offering developers a rare opportunity to acquire freehold land in a prime residential district.
Casa Fidelio features spacious 4-bedroom units ranging from 1,507 to 1,873 square feet, providing comfortable living spaces in a low-density environment. The development’s regular shape and size allows for excellent design flexibility for developers interested in the collective sale. Similar to Belgravia Green, it offers gated security access for residents’ peace of mind. The development’s strategic location offers exceptional connectivity via the East Coast Parkway and Pan-Island Expressway, while residents enjoy proximity to Kembangan and Bedok MRT stations, enhancing daily commuting convenience.
Spacious 4-bedroom homes in a serene setting, perfectly positioned for urban connectivity and everyday convenience.
The surrounding neighborhood boasts numerous amenities, including East Coast Park, the culturally rich Katong and Joo Chiat areas, and retail destinations such as Siglap Village, Siglap Centre, and Bedok Mall. Educational institutions in the vicinity include reputable schools such as Opera Estate Primary and Victoria School, further enhancing the development’s appeal to families.
Recent transactions in the immediate vicinity indicate strong demand for landed properties in District 15, with nearby terrace houses commanding prices ranging from $2,629 to $3,541 per square foot on land. The project’s location in Geylang/Eunos offers investors access to some of Singapore’s highest rental yields at approximately 4-4.5%.
Investment potential remains robust, as historical data demonstrates that freehold cluster homes appreciated at an impressive rate of 15.4% annually during previous market boom periods from 2004 to 2008.
The property’s freehold status, combined with its prime location and redevelopment potential under the 2019 Master Plan’s two-storey mixed landed designation, positions Casa Fidelio as an attractive acquisition target for investors seeking long-term value in Singapore’s perpetually land-scarce market.
