999-Year Leasehold Residential Site In Kovan On Sale For $18 Million
A 9hundred 99 year on lease residence ground at Forty Eight Hillside Drive was put up for sale utilizing an ideal figure of $18 million on the other hand around $8hundred 55 per sq foot on the location area, declared single advertising professional Edmund Tie.
Located within the mature Kovan community, the 21thousand and 46 square foot spot is zoned for housing purpose in the 2019 Master Plan utilizing a PR of One point Four and is held at the hand of a sole owner.
The advertising and marketing representative considered the fact that the residential property is ideal as a luxurious property or home belonging to a more than one generation family or a wealthy individual. The estate is able to similarly be reconstruct into several landed property styles or even being a boutique home development together with approximately 27 residence units evening out one hundred square meter.
Simply a stone’s throw away to these Kovan MRT and also Serangoon MRT Interchange, the home is approachable by means of main roads together with highway specifically Upp S’goon Rd, Yio Chu Kang Rd as well as CTE.
It is also close to F&Bs and large groceries stores at NEX, Heartland Mall, Chomp Food Centre together with MyVillage. Educational institutions such as Rosyth School, Zhonghua Pri Sch, International French Sch and also Australian Int’l School are likewise neighboring.
” By having a budget-friendly bite-sized amount, and even several rebuilding options regarding the well-located area, the residence will most likely attract a large range of prospective investors,” explained Shou Fern, ED of Inv Advisory at Edmund Tie.
” Besides household property developers who are going to be intense to split the location into a number of landed homes or rebuilt into a boutique home creation, we furthermore foresee attention coming from wealthy individuals and more than 1 generation family members wanting to purchase for their personal occupancy.”
By having huge single-owner reconstruct lands snugly kept, she considers the real estate “might just likely is the last at hand plot available for sale along Hillside Dr”.
The tender for Forty Eight Hillside Drive closes on 23 March.