999-Year Leasehold Residential Site In Kovan On Sale For $18 Million
A 999 year on lease housing ground at 48 Hillside Drive gets put up for sale utilizing a guide figure of $Eighteen mil in other words around $855 psf on the ground space, exposed sole advertising and marketing representative Edmund Tie.
Positioned among the matured Kovan neighbourhood, the 1thousand 9hundred 55.2 square meter spot is zoned for home use within the 2K19 Master Plan by having a PR of 1.4 also is held via a single home owner.
The marketing representative indicated the fact that the residential property is optimal as a majestic property appropriate to a more than 1 generation family members or a high-flying individual. The property is able to similarly be redeveloped in to a number of landed house forms or being a boutique personal creation with approximately 27 flat units evening out 100 square meter.
Merely a stone’s flip away to these Kovan MRT and S’goon Mass Rapid Transit Transport Hub, the residential property is accessible through significant rds also highway for instance Upp S’goon Road, Yio Chu Kang Rd as well as Central Expressway.
It is at the same time close-by eateries along with grocery stores at NEX, Heartland Mall, Chomp as well as MyVillage. Schools such as Rosyth Sch, Zhonghua Primary School, Int’l French School and also AIS are equally close by.
” For an affordable bite-sized amount, as well as a range of reconstructing chances for the well-located spot, the residence is going to invite a diverse of possible customers,” said Swee Shou Fern, ED of Investment Advisory at Edmund Tie.
” Apart from housing property developers who will most likely be intense to partition the ground into numerous landed residences or reconstruct to a boutique residence creation, we similarly anticipate excitement coming from wealthy individuals and more than 1 generation family members planning to purchase for their private occupancy.”
By having big exclusive home owner redevelopment lands closely maintained, Ms Swee trusts the title “might just arguably be the remaining offered plot available for sale on Hillside Drive”.
The offer for Forty Eight Hillside Drive concludes on 23Mar 2K21.