Freehold Site At Mounbatten Road On Sale For $13mil
A free lease non commercial land at 801 Mountbatten Rd in District 15 has been offered by using Expression of Interest for a lead value of $13 mil.
This calculates to approximately $1.2K psf based on the building’s 10.839 thousand sq ft land area, disclosed restricted advertising and marketing rep Savills Singapore.
To be availabled on tenantless furnishings, the area appreciates a 25m path facade by Mountbatten Road in addition to an area depth of nearly thirty-seven meters.
Region for residence, 2 level semi-d benefit under the 2019 Master Plan, the ground plot comes with a regular area configuration, enabling optimum creation effectiveness.
Savills mentioned this particular site provides the flexibility to be rebuilt into various landed house kinds like a set of bungalows or detached properties, a couple of semi-detached residences plus a bungalow, based on the endorsement of authorities.
Situated 350m from the future Tanjong Katong Mass Rapid Transit station, the location is near educational institutions such as TKGS, Tanjong Katong Primary School, Chung Cheng High School plus Tj Katong Secondary Sch.
The site, the proximate neighborhood of which predominantly consists of exclusive ground bungalows, is also near Parkway Parade, i12 Katong as well as the East Coast Road shophouses.
“This furnishing is a great chance for both customers as well as real estate investors to gain a considerable freehold property plot inside an upper class district, whereby there’s always limited quantity of free from hold and even regular format property landed reconfiguration location within the property scarce Singapore for sale,” claimed Yap Hui Yee, Director of Investment Sales & Capital Markets at Savills Singapore.
“The underlying necessity for landed residences remains rather stable as many high total assets people/ households are on the prowl for ideally positioned landed residences supplied the positive long-lasting opportunity for this particular property classification”, she added in.
The EOI activity for 801 Mountbatten Rd seals on 12January 2021.