999-Year Leasehold Residential Site In Kovan On Sale For $18 Million
A Nine hundred Ninety-nine year on lease non commercial ground at Forty Eight Hillside Dr gets put up for sale utilizing a guide value of $18 million in other words around $855 psf on the ground space, disclosed exclusive marketing and advertising real estate agent Edmund Tie.
Located in the developed Kovan estate, the 1,955.2 sq meter spot is sectioned for non commercial usage in the 2019 Master Plan by having a PR of 1.4 also is owned by simply a singular homeowner.
The marketing and advertising professional noticed that the premises is excellent as a huge house appropriate to a more than a single generation household or a wealthy individual. It can possibly also be rebuilt in to several landed home kinds or possibly being a boutique residence project along with as many as 27 condo units averaging one hundred sq meter.
Merely a stone’s fling away to both the Kovan MRT including S’goon Mass Rapid Transit Transport Hub, the residential property is approachable by main rds including highway like Upper Serangoon Road, YCK Rd as well as Central Expressway.
It is also around restaurants including supermarkets at NEX, Heartland Shopping Mall, Chomp Food Centre plus MyVillage. Schools such as Rosyth School, Zhonghua Primary Sch, Int’l French School and also AIS are similarly neighboring.
” For a cost effective low amount, along with multiple reconstructing chances with regards to the well-located location, the title will attract a diverse of potential customers,” explained Swee Shou Fern, Executive Director of Investment Advisory at Edmund Tie.
” Other than residence builders who will be intense to partition the area into a number of landed houses or reconstruct into a boutique flat development, our team additionally look ahead to attention from high-net-worth and multi-generational family members seeking to buy for their own living.”
With huge single-owner rebuild plots securely enjoyed, she believes the property “can probably is the final available plot to buy on Hillside Dr”.
The tender for 48 Hillside Dr ends on 23Mar ’21.