Freehold Site At Mounbatten Road On Sale For $13mil
A free lease non commercial location at 801 Mountbatten Rd in District 15 has been offered via Expression of Interest with a guide fee of $13 mil.
It works out to more or less $1,199 per square foot based upon the apartment’s 10,839 sq ft ground area, shared exclusive promotion rep Savills Singapore.
Being availabled on tenantless ownership, the ground experiences a 25m road building front along Mountbatten Road together with an area deepness of nearly 37m.
Sector for residential, 2 level semi-d use under the 2019 Master Plan, the ground plot contains a regular site structure, taking into account optimum style performance.
Savills kept in mind that the location provides the versatility for being rebuilt into assorted landed real estate kinds such as a set of bungalows or detached homes, a set of semi-detached residences plus a bungalow, dependent on the endorsement of officials.
Located 350m from the coming Tanjong Katong MRT station, the location is near schools such as TKGS, Tj Katong Primary School, Chung Cheng High Sch and Tanjong Katong Sec School.
The site, the nearby neighborhood of which mostly makes up personal ground bungalows, is likewise in close proximity to PP shopping mall, i12 Katong and even the East Coast Rd shophouses.
“This offer is an exceptional opportunity for the two end-users and builders to obtain a substantial free from hold property piece among a wealthy area, where generally are constantly limited quantity of free from hold as well as ordinary design housing landed reconfiguration location within the ground short S’pore for sale,” stated Ms Yap, Dir of Investment Sales & Capital Markets at Savills SG.
“The hiding demand for landed residences remains reasonably strong as plenty of strong resources individuals/ families are on the search for well situated landed apartments offered the affirmative long-lasting outlook for this particular property category”, she further mentioned.
The EOI operation for 801 Mountbatten Road wraps up on 12January 2021.