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 FOR SALE: Rare Senior Living Asset Development Opportunity Emerges

FOR SALE: Rare Senior Living Asset Development Opportunity Emerges

3 mins read

 

7 October 2026 – Knight Frank Singapore, the exclusive marketing agent, is pleased to offer a plot of redevelopment land at Jalan Merbok, for sale via an Expression of Interest (“EOI”) exercise. 

The plot, measuring approximately 8,817.1 sq m (94,907 sq ft), is offered for sale with a fresh 103-year leasehold tenure. Preferred uses for the site include senior living and care, such as assisted living, nursing home, day care centre and training centre for health and medical care, subject to the relevant planning and regulatory approvals.      

Under the Master Plan 2025, the site is zoned Educational Institution.  

Located off Jalan Jurong Kechil within the established Bukit Timah–Beauty World precinct, the subject site occupies an elevated and tranquil setting surrounded by mature greenery, with views towards Bukit Batok Nature Park. The site combines a secluded, low-density environment with convenient access to established residential neighbourhoods, transport connections and everyday amenities.      

The subject site is also envisaged as a complementary care and community campus to the existing spirituality centre, currently operated by the Canossian Sisters. This co-location provides the potential for a differentiated environment centered on care, wellbeing, reflection and community engagement, while the respective uses remain independently operated.      

Ms Mary Sai, Executive Director, Capital Markets, Knight Frank Singapore shared, “Purpose-built senior living and care assets remain relatively scarce in Singapore. With Singapore officially declared a super-aged society with 21.6% of its population aged 65 and older, demand for age-friendly housing and care solutions is expected to increase. Singapore residents will seek environments that support not only physical wellbeing, but also social connection, emotional wellbeing and a sense of purpose. 

"The subject site offers investors and operators the opportunity to create a differentiated senior living proposition centred on improved care, wellbeing and quality of life. Its fresh 103-year leasehold tenure, together with the wider campus setting, provides a strong foundation for a long-term senior living and care platform that can house an assisted living centre, a daycare centre for elderly in the neighbourhood, and even an eldercare training centre for caregivers and community volunteers.” 

Mr Melvin Chay, Interim Head, Capital Markets, Knight Frank Singapore added, “As senior residents’ care needs evolve, it is ideal for them to transit between different levels of support while remaining within the subject site, helping to reduce disruption for both residents and their families. 

"Strategically located within a mature residential catchment comprising both private and public housing estates, the site is easily accessible via Beauty World MRT station on the Downtown Line and Bukit Batok MRT station on the North-South Line.  Surrounded by established green spaces including Bukit Batok Nature Park and Bukit Timah Nature Reserve, the site also offers an attractive setting that supports active ageing and overall wellbeing." 

The EOI exercise closes on Friday, 6 November 2026 at 3pm.

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