Freehold Site At Mounbatten Road On Sale For $13mil
A freehold property location at 801 Mountbatten Road in Area 15 was offered by Expression of Interest along with a guide price tag of $13 mil.
The cost formulates to more or less $1,199 per square foot based upon the residential property’s 10.839 thousand sq ft area of land, published exceptional advertising and marketing specialist Savills SG.
Being sold on free furnishings, the ground savors a 25m rd building front by Mountbatten Rd together with an area depth of around thirty-seven meters.
Area for household, 2 floor semi-d utilization under the 2K19 Master Plan, the land area includes a consistent location arrangement, taking into account maximum design flexibility.
Savills observed this particular site gives the adaptability for being rebuilt into different landed house kinds for example, a set of bungalows or detached properties, a pair of semi-detached properties and even a bungalow, based on the validation of officials.
Situated 350m from the upcoming Tanjong Katong MRT terminal, the area is near schools such as Tanjong Katong Girls’ School, Tanjong Katong Primary Sch, Chung Cheng High School plus Tj Katong Secondary Sch.
The location, the immediate neighborhood of which mainly comprises private ground houses, is additionally in close proximity to Parkway Parade, i12 Katong along with the East Coast Road shophouses.
“This offering is a remarkable opportunity for the two customers and also property developers to obtain a considerable free from hold ground piece located in an upscale area, in which there is often restricted quantity of free lease and even consistent layout property landed rebuilt location within the land short Singapore available for sale,” mentioned Yap Hui Yee, Director of Investment Sales & Capital Markets at Savills Singapore.
“The underlying requirement for landed residential properties continues to be fairly solid as lots of top assets people/ households are continuously on the search for well-located landed properties offered the desirable long-term opportunity for this specific asset category”, she added.
The Expression of Interest exercise for 801 Mountbatten Road closes on 12 January 2021.