Two-storey conservation bungalow along Mountbatten Road selling for $54.5 mil
The real property is positioned a 9-minute walk from Tanjong Katong MRT Terminal, providing accessibility to the Thompson-East Coast Line. It sits inside 1km of Tanjong Katong Primary School, Tanjong Katong Secondary School, and Tanjong Katong Girls’ School.
The seven-bedroom home even comprises a living room, living hall, formal eating space, staff quarters, and a carport. It also has an exterior tea garden, a koi pond, and a nursery. According to Knight Frank, new extensions to the real estate are possible, subject to authorization.
“Very seldom does such an unique real estate owned and operate by the similar family for nearly a hundred of years become available to buy,” states Mary Sai, executive manager, capital markets, Knight Frank Singapore. She includes: “This conservation bungalow, which is exceptionally well maintained and positioned on a huge plot dimension, is a prize asset in the much-coveted East Coast location”.
The tender for the sale closes up on April 2.
Because of the size of the estate and double road frontage there are 3 gates that assist in entrance, two along Mountbatten Roadway and one around Crescent Roadway. Initially built in 1851, the frontage of the real estate shows Colonial, Victorian and Art Deco industrial designs.
The freehold heritage property in District 15 rests on a 32,052 sq ft edge plot throughout Mountbatten Road and Crescent Road. The overview cost equates to a land charge of $1,700 psf.
“This real estate is not just rich in historic value, yet it’s innate aesthetic appeal is like fine art; an unbelievable chance for a classy buyer to include an extraordinary property to their portfolio,” states Nicholas Keong, head of residential and private office at Knight Frank Singapore.
Based resale data, the final transacted bungalow in the area was 759 Mountbatten Road which fetched $29 million (1,391 psf) when it was marketed in April 2022. Knight Frank research indicates that the typical rate of freehold landed real properties in District 15 has expanded from $1,764 psf in 1Q2022 to $2,094 psf in 4Q2023.
A two-storey conservation bungalow around Mountbatten Roadway gets on the market for $54.5 million, according to the advertising agent Knight Frank.
