999-Year Leasehold Residential Site In Kovan On Sale For $18 Million
A 999 yr on lease residence site at Forty Eight Hillside Drive has been offered with a minimum figure of $18 mil on the other hand around $855 psf on the ground area, communicated sole advertising professional Edmund Tie.
Positioned among the matured Kovan estate, the 21thousand and 46 square ft ground is zoned for household usage within the 2019 Master Plan utilizing a plot proportion of 1.4 and even is owned by simply a solo home owner.
The advertising and marketing specialist noticed that the real estate is optimal as an ambitious residency appropriate to a multi-generational home or a high-net-worth individual. The title is able to in addition be rebuilt into various landed property forms or as a boutique housing development with approximately 27 flat units equating one hundred sq meter.
Only a stone’s toss away to these Kovan Mass Rapid Transit also S’goon MRT Transport Hub, the real estate is easy to get to by using major roads including highway for instance Upp S’goon Road, Yio Chu Kang Rd as well as Central Expressway.
The place is additionally around dining establishments and grocery stores at NEX, Heartland Shopping Mall, Chomp Food Centre and even MyVillage. Schools such as Rosyth Sch, Zhonghua Primary School, IFS as well as AIS are also nearby.
” By having a reasonably priced low quantum, along with many types of reconstructing opportunities regarding the well-located location, the residence will likely tempt a selection of possible developers,” claimed Ms Swee, ED of Investment Advisory at Edmund Tie.
” Besides housing real estate investors that will be keen to split the location to plenty of landed homes or rebuilt to a boutique condo project, our team similarly look ahead to passion from high-net-worth and more than 1 generation households looking to acquire for their personal keep.”
By having large exclusive proprietor reconstruct plots snugly kept, she feels the home “might arguably be the last offered lot available along Hillside Drive”.
The bidding for 48 Hillside Dr closes on 23 March 2021.