JIAK KIM STREET
Fans of the recently closed Zouk nightclub might be able to keep memories of the hot spot alive.
The nightclub site was put on the reserve list yesterday, Based on analysts say, it is very likely that developers will pull the trigger.
Mr Ong Kah Seng, director of R'ST Research, said he expected the plot to be triggered because it is "such a prime city-fringe site".
The reserve list site is right on top of the Sixth Avenue MRT station.
Ms Tricia Song, head of research for Colliers International Singapore, described it as the most attractive plot on the reserve list in terms of size and location.
The site is off Bukit Timah Road and is expected to yield about 455 units.
She also noted that there were no new residential launches in the area recently, unlike places such as Jiak Kim Street, which will have to contend with the Martin Place plot nearby that was sold in July.
This parcel would likely receive the strongest interest due to its proximity to Bidadari, an up-and-coming estate with overwhelming buyer response.
The nearby Raintree Gardens was sold last month via collective sale. The National Aerated Water Company sold its plot of land, which is in the area, to a Malaysian developer earlier this month. Two more sites in the area are expected to be launched by the first half of next year. "With this sequential rolling out of projects in the area, both land and unit sale prices will at the very least be maintained, but more likely elevated," he said.