999-Year Leasehold Residential Site In Kovan On Sale For $18 Million
A 9hundred 99 year on lease housing area at Forty Eight Hillside Drive gets put up for sale utilizing a lead value of $Eighteen mil alternatively around $8hundred 55 psf on the site space, announced one and only promotion and marketing agent Edmund Tie.
Positioned inside the older Kovan estate, the 1,955.2 square m location is sector for home use under the 2K19 Master Plan by having a land proportion of 1.4 and even is kept at the hand of a solitary owner.
The promotion representative documented the fact that the residence is optimal as a luxurious residence of a more than one generation family or a high-flying person. The real estate is able to moreover be reconstruct into multiple landed housing varieties or even as a boutique home creation with as much as 27 residence units averaging hundred sq meter.
Just a stone’s flip away to the two Kovan Mass Rapid Transit including Serangoon Mass Rapid Transit Interchange, the residential property is easy to get to through significant roads and also expressway namely Upp Serangoon Road, YCK Rd and also CTE.
The spot is as well neighboring eateries together with large groceries stores at NEX, Heartland Mall, Chomp including MyVillage. Educational institutions such as Rosyth Sch, Zhonghua Pri School, IFS and Australian Int’l Sch are additionally in close proximity.
” Utilizing a budget-friendly low quantum, and even many types of reconstructing prospects for the well-located area, the title will certainly interest a large range of potential prospective buyers,” explained Shou Fern, ED of Inv Advisory at Edmund Tie.
” Apart from residence real estate investors who will most likely be eager to redivide the site to several landed houses or rebuilt in to a boutique home development, we additionally expect curiosity from more than 1 generation families and high-net-worth households hoping to secure for their private living.”
With large single-owner rebuild lands snugly kept, she thinks the residential property “may debatably be the final offered parcel to buy on Hillside Dr”.
The tender for Forty Eight Hillside Drive wraps up on 23March ’21.