999-Year Leasehold Residential Site In Kovan On Sale For $18 Million

A 999 yr leasehold housing area at Forty Eight Hillside Dr was put up for sale with a guide rate of $Eighteen million or maybe around $855 per square ft on the ground space, communicated sole promotion and marketing real estate agent Edmund Tie.

Located among the developed Kovan community, the 21thousand and 46 square ft location is zoned for housing usage under the 2K19 Master Plan utilizing a land proportion of One point Four plus is held at the hand of a single home owner.

The advertising agent noticed that the residential property is perfect as a huge home appropriate to a wealthy person or a more than a single generation home. The residence has the ability to additionally be redeveloped into a number of landed accomodation types or even as a boutique residence development by having right up to Twenty-seven apartment units evening out hundred square meter.

One North Eden showflat location

Merely a stone’s throw away to both the Kovan Mass Rapid Transit also S’goon Mass Rapid Transit Interchange, the home is accessed by using significant roads along with highway for example Upper Serangoon Road, Yio Chu Kang Road and also CTE.

The spot is also close to eateries and large groceries stores at NEX, Heartland Shopping Mall, Chomp and MyVillage. Educational institutions such as Rosyth Sch, Zhonghua Pri School, International French Sch and Australian Int’l Sch are likewise close by.

” By having an inexpensive low quantum, including multiple rebuilding possibilities with regard to the excellent placement spot, the property will certainly interest a large range of potential prospective buyers,” shared Shou Fern, ED of Inv Advisory at Edmund Tie.

” Aside from household developers that will be intense to subdivide the site to numerous landed houses or redevelop into a boutique apartment creation, our team similarly look ahead to attention coming from multi-generational and high-flyer families planning to buy for their own occupancy.”

By having large single-owner redevelopment lots snugly kept, she trusts the real estate “might perhaps is the final existing land for sale along Hillside Drive”.

The offer for 48 Hillside Dr closes on 23Mar 2021.


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