Freehold Site At Mounbatten Road On Sale For $13mil
A free lease housing location at 801 Mountbatten Road in District 15 was offered by Expression of Interest with a model rate of $13 mil.
This formulates to more or less $1,199 psf based upon the residential property’s 10.839 thousand sq ft area of land, published privileged advertising representative Savills SG.
To become sold on bare possession, the area indulges in a 25 meters street building front by Mountbatten Rd together with a plot deepness of approximately 37 meters.
Area for house, two-storey semi-d use under the 2K19 Master Plan, the land plot includes a constant area construction, considering utmost creation efficiency.
Savills kept in mind this particular ground furnishes the adaptability for being reconstruct into numerous landed real estate types like a pair of house or detached properties, a set of semi-d residences and also a bungalow, subject to the validation of officials.
Situated three hundred and fifty meters from the upcoming Tanjong Katong MRT terminal, the area is near schools such as TKGS, Tanjong Katong Pri School, Chung Cheng High Sch as well as Tj Katong Secondary School.
The site, the nearby community of which primarily consists of exclusive property bungalows, is similarly nearby PP shopping mall, i12 Katong along with the East Coast Rd shop houses.
“This offer is a great possibility for the two clients as well as property developers to obtain a sizeable free from hold ground piece inside an upper class area, whereby there’s constantly controlled source of freehold and even regular design residential landed reconstruct location within the land short SG for sale,” claimed Yap Hui Yee, Director of Investment Sales & Capital Markets at Savills S’pore.
“The underlying demand for landed residences continues to be pretty steady as lots of top net worth people/ households are on the hunt for well-located landed apartments given the desirable permanent opportunity for this specific property type”, she added.
The EOI exercise for 801 Mountbatten Rd finalizes on 12 January 2021.