999-Year Leasehold Residential Site In Kovan On Sale For $18 Million
A 9hundred 99 year leasehold household location at Forty Eight Hillside Dr was put up for sale utilizing a pilot rate of $Eighteen million in other words about $855 per sq foot on the spot area, exposed single marketing professional Edmund Tie.
Found among the mature Kovan community, the 1thousand 9hundred 55.2 square meter site is sector for non commercial utilization under the 2K19 Master Plan by having a PR of 1.4 and also is owned by simply a solitary home owner.
The advertising and marketing representative noticed that the premises is suitable as a first-class residence belonging to a high-flying person or a multi-generational household. It can in addition be redeveloped in to a number of landed home kinds or possibly being a boutique residence project with up to 27 flat units evening out 100 square m.
Merely a stone’s toss away to either Kovan Mass Rapid Transit and S’goon MRT Transport Hub, the real estate is approachable through significant roads and highway for instance Upp Serangoon Rd, Yio Chu Kang Rd and also CTE.
It is similarly neighboring restaurants together with grocery stores at NEX, Heartland Shopping Mall, Chomp as well as MyVillage. Schools such as Rosyth School, Zhonghua Primary School, International French Sch and AIS are similarly nearby.
” With a budget friendly bite-sized amount, including a range of rebuilding choices with regard to the favorable placement location, the estate will interest a vast array of potential developers,” claimed Swee Shou Fern, Executive Director of Inv Advisory at Edmund Tie.
” Aside from residence builders who will certainly be intense to partition the ground into a wide range of landed houses or reconstruct in to a boutique residence project, our team likewise foresee passion coming from multi-generational and wealthy family members looking to purchase for their own keep.”
With big exclusive homeowner reconstruct plots tightly possessed, Ms Swee believes the home “might just likely be the remaining that can be found parcel procurable along Hillside Drive”.
The offer for Forty Eight Hillside Drive concludes on 23Mar 2K21.