999-Year Leasehold Residential Site In Kovan On Sale For $18 Million
A Nine hundred Ninety-nine year leasehold household site at 48 Hillside Drive was offered with a guide figure of $Eighteen million in other words roughly $855 psf on the site space, revealed exclusive marketing and advertising real estate agent Edmund Tie.
Situated inside of the older Kovan community, the 1thousand 9hundred 55.2 square meter area is sectioned for housing purpose in the 2K19 Master Plan utilizing a PR of 1.4 plus is possessed by simply a solo owner.
The marketing specialist kept in mind that the home is ideal as a huge property or home appropriate to a high-net-worth individual or a more than 1 generation family members. It can in addition be redeveloped into various landed house kinds or being a boutique housing development by having as much as 27 condo units averaging one hundred square meter.
Simply a stone’s flip away to both Kovan Mass Rapid Transit as well as Serangoon Mass Rapid Transit Transport Hub, the home is approachable via major roads along with expressway which includes Upper Serangoon Road, Yio Chu Kang Road and CTE.
It is furthermore nearby restaurants together with supermarkets at NEX, Heartland Shopping Mall, Chomp Food Centre and MyVillage. Educational institutions such as Rosyth School, Zhonghua Primary School, International French School and Australian International School are similarly in close proximity.
” With an affordable bite-sized quantum, and several redevelopment choices with regard to the well-located ground, the home will appeal to a vast array of possible customers,” spoke Shou Fern, Executive Director of Investment Advisory at Edmund Tie.
” Besides personal developers that will most likely be spirited to redivide the spot to several landed homes or rebuilt into a boutique flat development, our team likewise expect enthusiasm coming from multi-generational and wealthy households considering to obtain for their private keep.”
By having large solo property owner redevelopment parcels firmly secured, she thinks the house “might just perhaps be the final available lot procurable on Hillside Dr”.
The bidding for Forty Eight Hillside Dr terminates on 23 March.