Freehold Site At Mounbatten Road On Sale For $13mil
A freehold property ground at 801 Mountbatten Road in Area 15 was on the market by means of EOI with a starting rate of $13 mil.
It formulates to roughly $1,199 per sq ft based upon the property’s 10.839K sq ft property area, published exceptional advertising and marketing specialist Savills Singapore.
To be sold on tenantless ownership, the area savors a 25 meters path building front along Mountbatten Road as well as an area deepness of about 37 meters.
Zoned for non commercial, 2 level semi-d purpose under the ’19 Master Plan, the land area contains a constant site structure, considering utmost concept functionality.
Savills indicated this particular area furnishes the adaptability to be redeveloped into a variety of landed house styles for instance, a pair of house or detached houses, a couple of semi-detached houses plus a house, based on the approval of authorities.
Positioned three hundred and fifty meters from the future Tanjong Katong MRT terminal, the ground is near colleges such as Tanjong Katong Girls’ School, Tj Katong Pri School, Chung Cheng High Sch as well as Tj Katong Secondary Sch.
The site, the immediate neighborhood of which predominantly makes up discreet landed bungalows, is likewise nearby Parkway Parade, i12 Katong and even the East Coast Rd shophouses.
“This offering is a special chance for the two builders plus buyers to attain a significant free from hold property piece inside an affluent area, where there is often controlled source of free lease and also ordinary structure residential landed redevelopment location within the property short SG up for sale,” expressed Ms Yap, Director of Investment Sales & Capital Markets at Savills SG.
“The hiding need for landed residences continues to be rather stable as numerous high resources individuals/ households are on the search for conveniently positioned landed buildings provided the favorable long-lasting prospect for this particular property type”, she further mentioned.
The EOI exercise for 801 Mountbatten Road ends on 12January 2021.