Freehold Site At Mounbatten Road On Sale For $13mil
A freehold non commercial area at 801 Mountbatten Rd in Area 15 has been put up for sale via EOI for a starting rate of $thirteen mil.
The price tag works out to roughly $1,199 psf based on the building’s 10.839 thousand square foot area of land, disclosed privileged promoting and marketing representative Savills Singapore.
Being availabled on tenantless ownership, the ground enjoys a 25 meters path building front on Mountbatten Rd as well as an area deepness of nearly 37 meters.
Sector for housing, 2 level semi-d use under the 2K19 Master Plan, the ground piece features an uniform ground construction, allowing for utmost layout productivity.
Savills indicated this particular ground offers the versatility to get reconfiguration into different landed real estate kinds for instance a set of house or detached properties, a set of semi-d homes and also a bungalow, based on the validation of authorities.
Positioned 350 meters from the coming Tanjong Katong Mass Rapid Transit station, the ground is near colleges such as Tanjong Katong Girls’ School, Tanjong Katong Primary Sch, Chung Cheng High School and Tj Katong Secondary School.
The site, the direct neighborhood of which mostly comprises personal landed houses, is also close-by Parkway Parade, i12 Katong along with the East Coast Rd shophouses.
“This furnishing is a remarkable prospect for the two planners and also buyers to get a substantial freehold property piece inside an upscale area, in which generally are consistently restricted source of freehold and even ordinary design non commercial landed reconfiguration area within the property sparse Singapore for sale,” stated Yap Hui Yee, Director of Investment Sales & Capital Markets at Savills SG.
“The underlying necessity for landed properties continues being relatively vigorous as many high total assets people/ families are on the search for conveniently situated landed properties granted the beneficial lasting opportunity for this asset class”, she added.
The Expression of Interest exercise for 801 Mountbatten Road closes on 12 January 2021.