999-Year Leasehold Residential Site In Kovan On Sale For $18 Million

A 9hundred 99 year leasehold non commercial location at 48 Hillside Drive has been presented utilizing a pilot rate of $18 million as an alternative roughly $8hundred 55 psf on the ground space, disclosed one and only promotion professional Edmund Tie.

Situated inside the mature Kovan neighbourhood, the 1thousand 9hundred 55.2 square m location is sectioned for residence purpose within the 2019 Master Plan with a plot ratio of 1.4 and also is held by a sole owner.

Penrose showflat location

The promotion specialist noted the fact that the home is optimal as a luxurious property or home of a more than 1 generation family members or a high-flying person. It can in addition be reconstruct into several landed house kinds alternatively being a boutique housing creation along with as many as 27 residence units equating a hundred square meter.

Just a stone’s throw away to either Kovan Mass Rapid Transit and also Serangoon MRT Interchange, the property is within reach with significant roads also highway such as Upp Serangoon Road, YCK Road and Central Expressway.

It is furthermore near dining establishments together with large groceries stores at NEX, Heartland Mall, Chomp Food Centre together with MyVillage. Schools such as Rosyth Sch, Zhonghua Primary School, Int’l French Sch as well as Australian International Sch are equally in close proximity.

” With a reasonably priced bite-sized amount, including numerous rebuilding options regarding the well situated area, the premises is going to interest a wide variety of possible investors,” spoke Ms Swee, ED of Inv Advisory at Edmund Tie.

” Aside from home developers that will be spirited to subdivide the area in to several landed residences or redevelop in to a boutique home creation, our team similarly look ahead to curiosity coming from high-net-worth and multi-generational homes seeking to purchase for their own living.”

With large single-owner reconstruct parcels tightly held, she supposes the residential property “might perhaps is the remaining existing plot up for sale along Hillside Drive”.

The bidding for 48 Hillside Drive concludes on 23Mar ’21.

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