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

A 999 year leasehold household spot at 48 Hillside Drive has been submitted by having a minimum cost of $Eighteen million or perhaps about $8hundred 55 psf on the location area, shared single marketing and advertising real estate agent Edmund Tie.

Located in the mature Kovan community, the 1thousand 9hundred 55.2 sq meter ground is sector for household usage in the 2019 Master Plan with a PR of One point Four plus is kept at the hand of an one proprietor.

Midtown Modern showflat location

The promotion agent observed that the residential property is excellent as an ambitious home appropriate to a more than a single generation family members or a wealthy individual. The title is able to further be rebuilt into numerous landed housing options alternatively as a boutique household creation along with up to 27 residence units evening out hundred square m.

Merely a stone’s toss away to the two Kovan Mass Rapid Transit also S’goon MRT Transport Hub, the real estate is approachable through major rds as well as expressway specifically Upp S’goon Rd, Yio Chu Kang Road and CTE.

It is furthermore in close proximity to dining establishments including grocery stores at NEX, Heartland Shopping Mall, Chomp Food Centre and also MyVillage. Schools such as Rosyth School, Zhonghua Pri School, IFS and also AIS are equally nearby.

” With an inexpensive bite-sized quantum, plus various sorts of reconstructing options with regards to the well-located site, the estate will most likely attract a wide range of interested buyers,” mentioned Shou Fern, Executive Director of Investment Advisory at Edmund Tie.

” Other than residence builders who will most likely be spirited to partition the location to a number of landed homes or redevelop to a boutique condo project, our team furthermore expect interest coming from high-flyer and more than a single generation family members seeking to purchase for their personal living.”

With big single-owner reconstruct lands firmly maintained, Ms Swee considers the residence “may probably be the remaining existing parcel available for sale along Hillside Drive”.

The offer for 48 Hillside Dr terminates on 23 March 2K21.

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