Freehold Site At Mounbatten Road On Sale For $13mil
A freehold residential location at 801 Mountbatten Road in Area 15 was offered by means of Expression of Interest for a guide rate of $13 mil.
It formulates to roughly $1,199 psf based on the residential property’s 10,839 square foot ground area, disclosed restricted promotion and marketing agent Savills SG.
To become availabled on free furnishings, the location enjoys a 25m rd frontage by Mountbatten Road together with a plot deepness of roughly 37 meters.
Zoned for residence, 2 storey semi-d usage under the 2K19 Master Plan, the land area includes a constant location construction, allowing for maximum development flexibility.
Savills documented this particular area offers the flexibility to get rebuilt into different landed real estate kinds for instance a couple of house or detached residences, a couple of semi-detached homes and a house, based on the consent of officials.
Found 350 meters from the upcoming Tanjong Katong MRT terminal, the site is near schools such as TKGS, Tanjong Katong Pri School, Chung Cheng High School and Tj Katong Sec School.
The area, the proximate neighborhood of which mainly consists of personal landed bungalows, is likewise close-by Parkway Parade, i12 Katong and even the East Coast Road shophouses.
“This particular furnishing is an extraordinary possibility for the two planners as well as buyers to gain a significant freehold ground plot located in an upscale district, where there is always controlled quantity of free lease and ordinary format property landed reconfiguration area within the property rare Singapore for sale,” explained Ms Yap, Director of Investment Sales & Capital Markets at Savills S’pore.
“The underlying need for landed residences continues to be fairly vigorous as many top net worth individuals/ households are continuously on the look for conveniently located landed residential properties granted the favorable long-term overview for this specific property type”, she further mentioned.
The EOI movement for 801 Mountbatten Road seals on 12 January 2021.