999-Year Leasehold Residential Site In Kovan On Sale For $18 Million
A 999 year leasehold non commercial area at 48 Hillside Dr has been offered with an ideal figure of $18 million on the other hand around $855 per sq foot on the spot area, exposed one and only marketing specialist Edmund Tie.
Located among the matured Kovan neighbourhood, the 1,955.2 square m ground is zoned for home utilization within the 2019 Master Plan with a PR of One point Four and is secured at the hand of a single homeowner.
The promotion real estate agent noted that the premises is optimal as a first-class home appropriate to a multi-generational home or a wealthy person. It can likewise be reconstruct into various landed accomodation styles or even being a boutique non commercial creation with right up to 27 apartment units equating a hundred sq m.
Merely a stone’s toss away to the two Kovan MRT including Serangoon Mass Rapid Transit Transport Hub, the estate is accessible by means of significant roads together with expressway including Upper S’goon Road, YCK Road and also Central Expressway.
The site is similarly nearby F&Bs including grocery stores at NEX, Heartland Shopping Mall, Chomp Food Centre and MyVillage. Schools such as Rosyth School, Zhonghua Primary School, International French School and also AIS are similarly in close proximity.
” For an affordable low sum, plus various sorts of redevelopment potentials with regard to the favorable placement site, the premises will tempt a diverse of potential customers,” thought Shou Fern, ED of Investment Advisory at Edmund Tie.
” Other than home developers who will most likely be keen to split the area to numerous landed houses or reconstruct in to a boutique apartment development, our team also look ahead to excitement from multi-generational and high-flyer family members hoping to obtain for their own keep.”
With big single-owner reconstruct parcels closely enjoyed, she trusts the home “might just perhaps is the last offered plot up for sale along Hillside Dr”.
The tender for Forty Eight Hillside Dr ends on 23 March 2K21.