Freehold Site At Mounbatten Road On Sale For $13mil
A freehold property location at 801 Mountbatten Rd in Area 15 has been on the market by means of Expression of Interest with a lead fee of $thirteen million.
This calculates to roughly $1,199 per square foot based on the residence’s 10.839K sq ft ground area, disclosed exceptional promotion representative Savills SG.
Being sold on free possession, the ground takes pleasure in a 25m path frontage on Mountbatten Rd alongside a piece deepness of nearly thirty-seven meters.
Area for housing, 2 level semi-detached purpose under the 2019 Master Plan, the property piece contains an uniform location configuration, considering maximum creation capability.
Savills documented that the ground grants the versatility for being redeveloped into assorted landed house types for instance, a couple of house or detached properties, a set of semi-d properties plus a house, based on the authorization of authorities.
Found 350m from the upcoming Tanjong Katong MRT station, the site is near colleges such as TKGS, Tanjong Katong Pri Sch, Chung Cheng High School plus Tanjong Katong Sec Sch.
The location, the nearby neighborhood of which predominantly consists of confidential landed bungalows, is similarly close to PP shopping mall, i12 Katong and the East Coast Rd shophouses.
“This particular offering is a great possibility for the two real estate investors and also buyers to secure a significant free lease ground piece inside a wealthy district, whereby there is constantly restricted quantity of freehold and also regular style housing landed reconfiguration ground within the land sparse Singapore up for sale,” expressed Ms Yap, Dir of Inv Sales & Capital Markets at Savills SG.
“The underlying necessity for landed properties remains relatively vigorous as plenty of strong total assets individuals/ families are continuously on the look for well-located landed residential properties granted the favorable permanent overview for this particular property type”, she included.
The EOI activity for 801 Mountbatten Road wraps up on 12Jan 21.