999-Year Leasehold Residential Site In Kovan On Sale For $18 Million
A Nine hundred Ninety-nine yr leasehold home ground at Forty Eight Hillside Dr gets offered with a lead price of $18 mil or around $855 per sq foot on the ground space, announced single advertising and marketing real estate agent Edmund Tie.
Found inside the mature Kovan neighbourhood, the 1thousand 9hundred 55.2 square meter spot is zoned for residence benefit under the 2019 Master Plan utilizing a PR of One point Four also is owned via a singular owner.
The promotion and marketing professional took note the fact that the residence is suitable as a luxurious property or home belonging to a multi-generational household or a high-flying individual. It can possibly as well be reconstruct into several landed housing varieties or being a boutique non commercial creation by having right up to Twenty-seven apartment units evening out 100 square m.
Just a stone’s throw away to the two Kovan MRT along with Serangoon MRT Interchange, the real estate is accessed through main roads including expressway for instance Upper S’goon Rd, Yio Chu Kang Rd and also Central Expressway.
The location is also close to restaurants plus large groceries stores at NEX, Heartland Mall, Chomp and also MyVillage. Schools such as Rosyth School, Zhonghua Pri School, IFS and AIS are also close by.
” For an inexpensive bite-sized quantum, including several rebuilding opportunities intended for the desirable location ground, the property will interest a vast array of interested prospective buyers,” said Ms Swee, Executive Director of Investment Advisory at Edmund Tie.
” Other than non commercial builders who will certainly be eager to redivide the ground to numerous landed houses or rebuilt in to a boutique house creation, our team likewise foresee curiosity coming from multi-generational and wealthy family members planning to purchase for their private stay.”
By having large single-owner redevelopment lands firmly maintained, Shou Fern supposes the property “may arguably be the last at hand parcel procurable on Hillside Drive”.
The offer for Forty Eight Hillside Dr ends on 23 March.