Freehold Site At Mounbatten Road On Sale For $13mil
A free from hold non commercial location at 801 Mountbatten Road in Area 15 has been put up for sale using EOI along with a lead cost of $13 million.
It formulates to roughly $1,199 per square foot based on the residence’s 10.839 thousand sq ft acreage, disclosed exceptional advertising rep Savills Singapore.
To be availabled on tenantless furnishings, the location experiences a 25m path frontage by Mountbatten Road in addition to a piece depth of nearly 37 meters.
Area for housing, two-floor semi-d purpose under the 2K19 Master Plan, the land plot comes with a regular location construction, taking into account maximum development productivity.
Savills considered this particular area furnishes the adaptability to be reconstruct into numerous landed housing kinds for example, a pair of bungalows or detached houses, a couple of semi-detached houses plus a bungalow, dependent on the permission of authorities.
Situated 350m from the future Tanjong Katong MRT station, the site is near colleges such as TKGS, Tj Katong Pri Sch, Chung Cheng High Sch and Tanjong Katong Secondary Sch.
The area, the direct community of which mostly consists of reserved landed bungalows, is likewise close-by Parkway Parade, i12 Katong along with the East Coast Road shop houses.
“This offer is a special advantage for the two real estate investors and clients to secure a sizeable freehold property piece within an upscale area, whereby generally are constantly limited quantity of free from hold and even consistent structure housing landed reconfiguration ground within the ground rare Singapore available,” explained Ms Yap, Dir of Inv Sales & Capital Markets at Savills SG.
“The hiding demand for landed homes stays reasonably steady as numerous high assets individuals/ families are continuously on the look for well-located landed buildings given the beneficial long-lasting overview for this specific asset classification”, she included.
The EOI exercise for 801 Mountbatten Rd finalizes on 12Jan 21.