Freehold Site At Mounbatten Road On Sale For $13mil
A free lease residential land at 801 Mountbatten Road in Area 15 was put up for sale by using Expression of Interest along with a model price tag of $thirteen mil.
The price tag calculates to around $1,199 per sq ft based on the residence’s 10,839 square foot acreage, shared privileged promotion and marketing representative Savills SG.
To be sold on uninhabited ownership, the ground rejoices in a 25m path building front along Mountbatten Rd along with a plot deepness of roughly thirty-seven meters.
Zoned for residential, 2 level semi-d utilization under the 2019 Master Plan, the ground piece contains a constant site configuration, permitting utmost layout flexibility.
Savills considered this particular ground grants the versatility to be reconstruct into numerous landed real estate types like a set of house or detached properties, a couple of semi-detached homes and a bungalow, subject to the approval of officials.
Located 350 meters from the future Tanjong Katong Mass Rapid Transit station, the ground is near schools such as Tanjong Katong Girls’ School, Tj Katong Pri School, Chung Cheng High Sch plus Tj Katong Secondary School.
The area, the close neighbourhood of which mainly makes up discreet property bungalows, is similarly in close proximity to PP shopping mall, i12 Katong and the East Coast Road shop houses.
“This particular offering is an outstanding chance for both planners plus end-users to gain a considerable freehold land area located in an upper class area, where there’s consistently restricted amount of free lease and also standard layout non commercial landed reconstruct ground within the property short SG available for sale,” stated Ms Yap, Director of Investment Sales & Capital Markets at Savills S’pore.
“The hiding need for landed homes continues to be reasonably stable as many strong total assets individuals/ families are continuously on the search for well situated landed properties provided the favorable long-term prospect for this property classification”, she continued.
The EOI operation for 801 Mountbatten Rd seals on 12 Jan ’21.