999-Year Leasehold Residential Site In Kovan On Sale For $18 Million
A 999 yr on lease personal spot at 48 Hillside Dr gets offered with an ideal asking price of $Eighteen million on the other hand around $855 psf on the spot area, communicated one and only promotion and marketing representative Edmund Tie.
Positioned amongst the matured Kovan neighbourhood, the 21thousand and 46 sq ft location is sector for personal use within the 2019 Master Plan by having a plot ratio of 1.4 and even is possessed by a solitary property owner.
The promotion and marketing professional considered the fact that the premises is optimal as a majestic property or home appropriate to a wealthy person or a more than 1 generation household. It can as well be rebuilt in to numerous landed property styles or even as a boutique residential project together with as many as 27 house units equating one hundred sq meter.
Merely a stone’s toss away to these Kovan Mass Rapid Transit together with S’goon Mass Rapid Transit Interchange, the premises is easy to get to using significant rds plus expressway including Upp S’goon Road, YCK Rd as well as CTE.
The area is as well close-by restaurants plus grocery stores at NEX, Heartland Shopping Mall, Chomp and even MyVillage. Educational institutions such as Rosyth Sch, Zhonghua Pri Sch, IFS as well as Australian International Sch are likewise nearby.
” With a budget friendly low sum, and also a range of redevelopment options with regards to the desirable positioned site, the real estate will tempt a wide range of possible buyers,” mentioned Swee Shou Fern, ED of Inv Advisory at Edmund Tie.
” Besides household property developers who are going to be intense to subdivide the area into a number of landed residences or rebuilt into a boutique apartment creation, we also expect attention coming from more than a single generation families and wealthy family members seeking to buy for their private occupancy.”
By having huge exclusive owner reconstruct parcels securely possessed, she thinks the estate “might just probably be the last existing plot up for sale on Hillside Dr”.
The bidding for Forty Eight Hillside Drive discontinues on 23 March.