Freehold Site At Mounbatten Road On Sale For $13mil
A free lease residential location at 801 Mountbatten Road in Area 15 was offered by using Expression of Interest along with a guide cost of $13 million.
It works out to more or less $1.2K psf based upon the residential property’s 10.839 thousand sq ft ground area, revealed specialized promoting and marketing agent Savills SG.
To become sold on vacant ownership, the location indulges in a 25m street building front along Mountbatten Road together with a piece deepness of nearly thirty-seven meters.
Region for house, two-level semi-d purpose under the 2019 Master Plan, the property area contains a regular ground arrangement, taking into account optimum style functionality.
Savills documented this particular location provides the adaptability for being reconfiguration into assorted landed house styles such as a couple of house or detached homes, a pair of semi-detached residences and a house, based on the permission of officials.
Located 350 meters from the coming Tanjong Katong Mass Rapid Transit station, the location is near educational institutions such as Tanjong Katong Girls’ School, Tj Katong Pri School, Chung Cheng High School as well as Tj Katong Secondary School.
The site, the close neighbourhood of which mainly comprises confidential ground bungalows, is likewise in close proximity to Parkway Parade, i12 Katong and even the East Coast Rd shophouses.
“This furnishing is an outstanding chance for these end-users and developers to purchase a substantial freehold ground area located in an affluent district, where there’s always controlled amount of free lease and even regular layout non commercial landed redevelopment site within the property sparse SG for sale,” expressed Ms Yap, Dir of Investment Sales & Capital Markets at Savills SG.
“The hiding demand for landed properties is still rather healthy as plenty of strong total assets people/ families are on the look for well-located landed properties granted the positive permanent expectation for this particular asset class”, she continued.
The Expression of Interest activity for 801 Mountbatten Road ends on 12 Jan ’21.