999-Year Leasehold Residential Site In Kovan On Sale For $18 Million
A Nine hundred Ninety-nine yr on lease housing ground at Forty Eight Hillside Drive gets presented with an ideal asking price of $Eighteen million or approximately $8hundred 55 psf on the spot area, revealed single promotion and marketing specialist Edmund Tie.
Situated inside of the developed Kovan neighbourhood, the 21thousand and 46 sq ft spot is sectioned for residence purpose under the 2K19 Master Plan with a PR of One point Four and even is maintained at the hand of an one proprietor.
The promotion and marketing real estate agent noticed that the house is suitable as a majestic home belonging to a high-flying person or a more than a single generation family. The estate can moreover be reconstruct into various landed housing varieties or possibly being a boutique home project by having as much as 27 apartment units evening out one hundred square m.
Just a stone’s flip away to the two Kovan Mass Rapid Transit together with S’goon MRT Interchange, the house is accessible by means of significant rds and also highway namely Upper Serangoon Rd, Yio Chu Kang Rd and also CTE.
The place is likewise in close proximity to dining establishments and supermarkets at NEX, Heartland Mall, Chomp and even MyVillage. Educational institutions such as Rosyth Sch, Zhonghua Primary Sch, IFS and Australian Int’l School are additionally close by.
” Utilizing an economical bite-sized amount, as well as various sorts of redevelopment prospects intended for the well situated area, the title is going to entice a wide variety of possible buyers,” explained Ms Swee, ED of Investment Advisory at Edmund Tie.
” Other than housing real estate investors who are going to be spirited to partition the spot in to different landed houses or rebuilt into a boutique condo creation, we furthermore look ahead to attention from more than 1 generation families and wealthy family members looking to purchase for their own occupancy.”
With large exclusive home owner rebuild plots firmly possessed, she supposes the estate “may perhaps is the last that can be found parcel for sale along Hillside Dr”.
The offer for 48 Hillside Drive closes on 23 March 2K21.