Freehold Site At Mounbatten Road On Sale For $13mil
A free lease non commercial site at 801 Mountbatten Rd in District 15 was put up for sale by using EOI along with a starting price tag of $13 mil.
It works out to more or less $1.2K per square foot based upon the property’s 10,839 square foot acreage, shared specialized promoting and marketing specialist Savills Singapore.
Being availabled on bare furnishings, the area appreciates a 25 meters road building front on Mountbatten Rd in addition to a piece depth of approximately 37 meters.
Area for property, 2 level semi-detached use under the 2019 Master Plan, the ground area features a regular site structure, considering optimum creation functionality.
Savills recorded this particular ground grants the flexibility for being reconstruct into a variety of landed house types like a pair of bungalows or detached houses, a pair of semi-detached residences and even a bungalow, dependent on the permission of authorities.
Situated 350 meters from the upcoming Tanjong Katong Mass Rapid Transit terminal, the area is near schools such as Tanjong Katong Girls’ School, Tanjong Katong Primary School, Chung Cheng High School and Tanjong Katong Sec School.
The area, the direct neighbourhood of which predominantly makes up discreet property bungalows, is likewise close-by Parkway Parade, i12 Katong as well as the East Coast Road shop houses.
“This offering is a remarkable benefit for these customers and real estate investors to secure a substantial free from hold property piece within an upscale district, in which there is always restricted supply of freehold and even ordinary layout non commercial landed rebuilt ground within the land scarce Singapore for sale,” said Ms Yap, Dir of Investment Sales & Capital Markets at Savills S’pore.
“The hiding requirement for landed homes continues being reasonably steady as plenty of high assets individuals/ families are on the prowl for well located landed apartments provided the favorable lasting expectation for this specific asset type”, she added.
The EOI operation for 801 Mountbatten Road seals on 12January 2021.