Freehold Site At Mounbatten Road On Sale For $13mil
A free from hold housing site at 801 Mountbatten Road in District 15 was put up for sale using Expression of Interest for a model rate of $13 mil.
It works out to approximately $1,199 per sq ft based upon the residence’s 10.839 thousand square foot property area, revealed exceptional advertising rep Savills SG.
To be sold on vacant ownership, the ground takes pleasure in a 25m street frontage by Mountbatten Road including a plot deepness of roughly 37 meters.
Region for residential, 2 level semi-detached purpose under the 2019 Master Plan, the ground piece includes a regular site configuration, enabling maximum development flexibility.
Savills recorded this particular area offers the flexibility for being rebuilt into assorted landed real estate styles such as a pair of bungalows or detached homes, a couple of semi-d homes and also a house, dependent on the approval of authorities.
Positioned three hundred and fifty meters from the coming Tanjong Katong Mass Rapid Transit terminal, the location is near schools such as Tanjong Katong Girls’ School, Tj Katong Primary Sch, Chung Cheng High Sch plus Tanjong Katong Secondary Sch.
The site, the immediate neighbourhood of which primarily makes up confidential property bungalows, is additionally close-by PP shopping mall, i12 Katong in addition to the East Coast Road shop houses.
“This offering is an exceptional benefit for these real estate investors and customers to acquire a considerable free lease property piece among a wealthy district, whereby there’s consistently limited source of freehold as well as regular format residential landed rebuilt area within the ground short SG up for sale,” mentioned Yap Hui Yee, Dir of Investment Sales & Capital Markets at Savills SG.
“The underlying requirement for landed residences continues to be reasonably strong as several top assets people/ families are continuously on the search for conveniently situated landed apartments presented the favorable lasting opportunity for this particular asset category”, she continued.
The EOI activity for 801 Mountbatten Rd finalizes on 12 Jan ’21.