999-Year Leasehold Residential Site In Kovan On Sale For $18 Million
A 999 year leasehold home site at Forty Eight Hillside Dr has been submitted with a lead rate of $Eighteen mil in other words around $8hundred 55 psf on the location area, communicated exclusive marketing and advertising agent Edmund Tie.
Situated inside the mature Kovan community, the 1thousand 9hundred 55.2 square meter location is zoned for non commercial benefit within the 2019 Master Plan utilizing a PR of 1.4 and also is possessed at the hand of a sole home owner.
The promotion and marketing real estate agent indicated the fact that the home is appropriate as a first-class property belonging to a wealthy person or a multi-generational household. The house has the ability to also be reconstruct in to numerous landed home styles or possibly as a boutique personal development together with as many as Twenty-seven apartment units averaging 100 sq m.
Merely a stone’s flip away to these Kovan Mass Rapid Transit and Serangoon Mass Rapid Transit Transport Hub, the residential property is approachable using major roads and expressway which includes Upp S’goon Road, Yio Chu Kang Road as well as Central Expressway.
It is likewise near F&Bs plus grocery stores at NEX, Heartland Shopping Mall, Chomp together with MyVillage. Educational institutions such as Rosyth School, Zhonghua Pri Sch, IFS as well as Australian International School are likewise close by.
” Utilizing a budget friendly bite-sized sum, as well as many types of rebuilding possibilities for the well-located location, the residence will tempt a wide variety of prospective developers,” explained Shou Fern, Executive Director of Investment Advisory at Edmund Tie.
” Other than personal builders that will be intense to subdivide the area into plenty of landed homes or redevelop to a boutique home project, our team furthermore expect excitement coming from high-net-worth and multi-generational family members hoping to acquire for their private stay.”
By having large sole property owner rebuild parcels tightly enjoyed, Ms Swee believes the premises “can probably be the last obtainable parcel up for sale on Hillside Dr”.
The offer for 48 Hillside Dr wraps up on 23 March 2K21.