Freehold Site At Mounbatten Road On Sale For $13mil
A free from hold housing site at 801 Mountbatten Rd in Area 15 has been offered using Expression of Interest for a guide rate of $thirteen million.
This calculates to more or less $1.2K psf based upon the residential property’s 10,839 square foot area of land, disclosed restricted advertising and marketing professional Savills SG.
Being sold on uninhabited ownership, the ground indulges in a 25 meters street building front along Mountbatten Rd in addition to an area deepness of nearly 37m.
Zoned for non commercial, 2 storey semi-detached purpose under the ’19 Master Plan, the land area features a constant area structure, allowing for optimum creation productivity.
Savills indicated this particular location furnishes the flexibility to be redeveloped into different landed property kinds like a set of house or detached properties, a set of semi-d properties and also a house, dependent on the consent of authorities.
Found three hundred and fifty meters from the upcoming Tanjong Katong MRT terminal, the ground is near colleges such as Tanjong Katong Girls’ School, Tanjong Katong Pri Sch, Chung Cheng High School plus Tanjong Katong Sec School.
The site, the immediate neighbourhood of which primarily comprises discreet property bungalows, is similarly nearby Parkway Parade, i12 Katong and the East Coast Road shop houses.
“This particular offer is a great chance for both property developers and customers to get a significant free lease property plot within a wealthy district, whereby generally are often controlled source of freehold and also standard structure residential landed rebuilt area within the land rare Singapore for sale,” mentioned Ms Yap, Dir of Inv Sales & Capital Markets at Savills Singapore.
“The underlying interest for landed houses remains rather vigorous as numerous strong net worth people/ families are on the hunt for ideally positioned landed residences given the positive extended opportunity for this asset classification”, she included.
The EOI movement for 801 Mountbatten Rd ends on 12Jan 21.