Freehold Site At Mounbatten Road On Sale For $13mil
A freehold non commercial site at 801 Mountbatten Road in District 15 was put up for sale via Expression of Interest for a lead price tag of $13 million.
It works out to around $1.2K psf based on the property’s 10.839 thousand square foot land area, revealed exclusive promoting and marketing specialist Savills Singapore.
Being availabled on bare ownership, the area enjoys a twenty-five meters rd building front by Mountbatten Road including a piece deepness of about thirty-seven meters.
Area for household, 2 storey semi-d utilization under the 2019 Master Plan, the ground piece includes an uniform location construction, taking into account optimum development capability.
Savills documented that the location gives the versatility to get redeveloped into a variety of landed real estate styles like a pair of house or detached residences, a pair of semi-detached houses and even a house, based on the authorization of officials.
Situated 350m from the upcoming Tanjong Katong MRT terminal, the area is near colleges such as TKGS, Tj Katong Pri Sch, Chung Cheng High School and Tanjong Katong Sec School.
The location, the nearby neighborhood of which predominantly makes up personal property houses, is likewise in close proximity to Parkway Parade, i12 Katong and even the East Coast Road shophouses.
“This furnishing is a remarkable prospect for both clients and also property developers to attain a large free from hold land plot inside an upscale district, where there is constantly limited amount of free lease and also standard layout non commercial landed reconstruct ground within the ground sparse Singapore offer for sale,” mentioned Yap Hui Yee, Director of Inv Sales & Capital Markets at Savills SG.
“The underlying interest for landed houses maintains fairly solid as lots of top assets individuals/ families are continuously on the hunt for well situated landed apartments provided the positive long-term opportunity for this particular asset category”, she added.
The Expression of Interest operation for 801 Mountbatten Road ends on 12 Jan ’21.