Freehold Site At Mounbatten Road On Sale For $13mil
A free lease property area at 801 Mountbatten Rd in District 15 has been put up for sale through EOI with a model price tag of $thirteen mil.
The fee formulates to more or less $1,199 per sq ft based upon the building’s 10,839 sq ft acreage, shared specialized advertising agent Savills SG.
To be availabled on bare ownership, the location savors a 25m street building front along Mountbatten Rd together with a piece depth of approximately 37m.
Zoned for non commercial, two-storey semi-detached purpose under the 2019 Master Plan, the property piece contains a regular area arrangement, taking into account optimum concept performance.
Savills documented this particular ground uses the flexibility for being reconstruct into a variety of landed property types for instance, a couple of bungalows or detached homes, a pair of semi-d homes and also a bungalow, dependent on the approval of officials.
Positioned three hundred and fifty meters from the future Tanjong Katong Mass Rapid Transit station, the location is near schools such as Tanjong Katong Girls’ School, Tj Katong Pri Sch, Chung Cheng High School plus Tanjong Katong Sec School.
The area, the immediate neighborhood of which mainly comprises exclusive ground houses, is likewise near Parkway Parade, i12 Katong in addition to the East Coast Rd shophouses.
“This offering is an outstanding benefit for these real estate investors plus buyers to acquire a significant free from hold ground piece among an upper class district, where generally are constantly restricted source of free from hold as well as standard structure non commercial landed reconfiguration site within the ground scarce S’pore offer for sale,” said Ms Yap, Dir of Investment Sales & Capital Markets at Savills Singapore.
“The hiding interest for landed residential properties stays relatively healthy as lots of strong resources people/ households are on the look for well situated landed apartments granted the favorable long-lasting possibility for this specific property type”, she added.
The EOI exercise for 801 Mountbatten Road wraps up on 12 January 2021.