Two-storey conservation bungalow along Mountbatten Road selling for $54.5 mil
The seven-bedroom bungalow even makes up a living room, living hall, formal eating space, team quarters, and a carport. It also has an outdoor tea yard, a koi pond, and a greenhouse. According to Knight Frank, brand-new extensions to the property are possible, subject to approval.
A two-storey conservation bungalow along Mountbatten Road gets on the market for $54.5 million, according to the advertising realtor Knight Frank.
The freehold ancestry real estate in District 15 sits on a 32,052 sq ft corner plot around Mountbatten Road and Crescent Road. The overview price converts to a land rate of $1,700 psf.
Based resale data, the last transacted bungalow in the place was 759 Mountbatten Road which brought $29 million (1,391 psf) when it was offered in April 2022. Knight Frank research notes that the average rate of estate landed properties in Area 15 has actually expanded from $1,764 psf in 1Q2022 to $2,094 psf in 4Q2023.
The property is found a 9-minute stroll from Tanjong Katong MRT Terminal, giving accessibility to the Thompson-East Coast Line. It sits within 1km of Tanjong Katong Primary School, Tanjong Katong High School, and Tanjong Katong Girls’ School.
“This building is not just rich in historic worth, however it’s innate aesthetic appeal resembles fine art; an once-in-a-lifetime chance for a classy purchaser to add an extraordinary real estate to their portfolio,” claims Nicholas Keong, head of non commercial and exclusive office at Knight Frank Singapore.
The tender for the sale closes on April 2.
“Very not often does such an exceptional real estate owned by the similar family for almost a hundred of years become offered offer for sale,” says Mary Sai, executive manager, resources markets, Knight Frank Singapore. She includes: “This preservation home, that is exceptionally well kept and located on a big plot dimension, is a trophy property in the much-coveted East Coast area”.
As a result of the dimension of the estate and dual road frontage there are three gateways that assist in access, 2 near Mountbatten Road and one near Crescent Road. Originally constructed 1851, the façade of the building mirrors Colonial, Victorian and Art Deco architectural designs.
