Freehold Site At Mounbatten Road On Sale For $13mil
A free lease property site at 801 Mountbatten Rd in Area 15 was offered using Expression of Interest along with a model cost of $thirteen mil.
The cost calculates to roughly $1,199 per sq ft based upon the property’s 10.839 thousand square foot ground area, revealed exceptional marketing and advertising representative Savills SG.
To be sold on vacant furnishings, the location experiences a 25 meters road frontage by Mountbatten Rd along with an area depth of roughly 37m.
Zoned for house, 2 storey semi-detached benefit under the 2019 Master Plan, the land piece features a consistent location configuration, enabling optimum development performance.
Savills mentioned this particular site furnishes the adaptability for being redeveloped into several landed real estate kinds like a pair of house or detached residences, a pair of semi-d homes and also a bungalow, based on the validation of authorities.
Located three hundred and fifty meters from the upcoming Tanjong Katong MRT station, the ground is near colleges such as Tanjong Katong Girls’ School, Tanjong Katong Pri Sch, Chung Cheng High Sch plus Tj Katong Sec School.
The site, the direct community of which mostly comprises personal landed bungalows, is additionally close to Parkway Parade, i12 Katong and the East Coast Road shophouses.
“This offer is a great chance for these clients and also developers to secure a substantial free from hold land area located in an affluent district, whereby there is often limited source of free lease and also regular structure non commercial landed reconfiguration location within the property rare Singapore to buy,” claimed Yap Hui Yee, Director of Inv Sales & Capital Markets at Savills Singapore.
“The hiding demand for landed homes stays reasonably vigorous as many top assets people/ households are continuously on the look for well-located landed properties provided the affirmative permanent outlook for this asset category”, she further mentioned.
The Expression of Interest movement for 801 Mountbatten Road wraps up on 12Jan 21.