999-Year Leasehold Residential Site In Kovan On Sale For $18 Million

A 999 yr leasehold household site at 48 Hillside Drive was put up for sale by having a pilot amount of $Eighteen million in other words about $8hundred 55 per square foot on the spot space, announced exclusive marketing and advertising real estate agent Edmund Tie.

Positioned inside of the older Kovan neighbourhood, the 1thousand 9hundred 55.2 sq meter spot is sector for household utilization within the 2019 Master Plan utilizing a PR of One point Four also is maintained by a sole homeowner.

The marketing representative indicated the fact that the residence is ideal as an expansive property or home belonging to a multi-generational family members or a wealthy individual. It has the ability to moreover be reconstruct into different landed home kinds or even being a boutique residential creation with as many as 27 residence units evening out a hundred sq m.

Ryse Residences showflat location

Merely a stone’s toss away to the two Kovan Mass Rapid Transit together with Serangoon Mass Rapid Transit Transport Hub, the property is within reach with major roads also expressway including Upper Serangoon Road, YCK Road and also CTE.

It is similarly nearby F&Bs as well as grocery stores at NEX, Heartland Mall, Chomp Food Centre also MyVillage. Educational institutions such as Rosyth Sch, Zhonghua Pri Sch, International French School and also Australian Int’l School are likewise nearby.

” By having an economical low amount, and different redevelopment choices with regards to the desirable location area, the estate is going to appeal to a wide range of interested prospective buyers,” shared Swee Shou Fern, Executive Director of Inv Advisory at Edmund Tie.

” Aside from home real estate investors who will certainly be eager to subdivide the area in to various landed homes or redevelop in to a boutique flat creation, we likewise look ahead to passion coming from multi-generational and high-net-worth homes hoping to buy for their own living.”

By having huge single-owner rebuild lands tightly kept, Shou Fern feels the title “can debatably be the last offered parcel available on Hillside Dr”.

The bidding for 48 Hillside Drive discontinues on 23 March 2021.

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