Freehold Site At Mounbatten Road On Sale For $13mil
A free from hold residential area at 801 Mountbatten Road in District 15 was on the market through Expression of Interest with a guide price tag of $thirteen million.
This calculates to approximately $1,199 psf based upon the property’s 10,839 square foot acreage, published exclusive advertising specialist Savills SG.
To be availabled on bare furnishings, the location rejoices in a twenty-five meters rd frontage on Mountbatten Road as well as a piece deepness of roughly 37m.
Area for non commercial, two-floor semi-d use under the 2K19 Master Plan, the property piece contains an uniform location arrangement, permitting maximum design functionality.
Savills considered this particular area gives the adaptability to get reconfiguration into a variety of landed housing kinds like a pair of bungalows or detached residences, a couple of semi-d residences and also a house, subject to the authorization of officials.
Located 350m from the upcoming Tanjong Katong Mass Rapid Transit station, the ground is near schools such as Tanjong Katong Girls’ School, Tanjong Katong Pri Sch, Chung Cheng High Sch as well as Tj Katong Sec Sch.
The area, the nearby neighborhood of which predominantly consists of personal property bungalows, is also close-by Parkway Parade, i12 Katong in addition to the East Coast Road shop houses.
“This offering is an outstanding prospect for the two customers plus real estate investors to purchase a significant free from hold property plot located in an affluent district, where there’s constantly restricted source of freehold and even standard layout residential landed rebuilt site within the property rare Singapore offer for sale,” said Yap Hui Yee, Dir of Inv Sales & Capital Markets at Savills Singapore.
“The hiding interest for landed residences is still remarkably steady as lots of high net worth people/ households are on the prowl for ideally situated landed residential properties given the desirable permanent forecast for this specific asset class”, she added in.
The Expression of Interest exercise for 801 Mountbatten Rd shuts on 12 Jan ’21.