Freehold Site At Mounbatten Road On Sale For $13mil
A free lease non commercial location at 801 Mountbatten Road in District 15 was put up for sale by means of Expression of Interest with a model value of $thirteen mil.
It formulates to more or less $1.2K per square foot based upon the residence’s 10.839 thousand square foot acreage, disclosed privileged advertising specialist Savills SG.
Being sold on bare furnishings, the ground indulges in a twenty-five meters rd facade on Mountbatten Rd as well as a piece deepness of around thirty-seven meters.
Zoned for residence, 2 level semi-d usage under the 2019 Master Plan, the ground piece contains a constant location arrangement, taking into account maximum concept functionality.
Savills noted that the site furnishes the adaptability for being reconfiguration into various landed housing kinds for instance a pair of bungalows or detached houses, a pair of semi-detached properties and also a house, dependent on the approval of officials.
Positioned three hundred and fifty meters from the coming Tanjong Katong Mass Rapid Transit station, the area is near educational institutions such as Tanjong Katong Girls’ School, Tj Katong Pri School, Chung Cheng High School plus Tj Katong Sec Sch.
The location, the nearby neighbourhood of which mainly consists of private ground houses, is similarly near PP shopping mall, i12 Katong in addition to the East Coast Rd shop houses.
“This particular offering is an exceptional chance for the two property developers and also clients to attain a substantial freehold land area located in a wealthy area, in which generally are often limited supply of free lease and also consistent style property landed rebuilt site within the land scarce Singapore for sale,” mentioned Yap Hui Yee, Director of Investment Sales & Capital Markets at Savills S’pore.
“The hiding interest for landed residential properties remains relatively steady as many high net worth people/ households are continuously on the hunt for well located landed residential properties provided the beneficial long-term possibility for this particular property type”, she added in.
The EOI operation for 801 Mountbatten Rd wraps up on 12January 2021.