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

A 9hundred 99 yr on lease home spot at 48 Hillside Dr gets offered by having a minimum price of $Eighteen million or perhaps approximately $855 psf on the spot space, declared only promotion professional Edmund Tie.

Found amongst the matured Kovan estate, the 21,046 sq ft location is sectioned for home benefit within the 2019 Master Plan with a PR of One point Four plus is held by a singular home owner.

The promotion and marketing agent observed that the house is optimal as an expansive residence belonging to a high-flying person or a more than 1 generation home. It can further be reconstruct in to multiple landed house options or possibly being a boutique personal development with up to Twenty-seven home units averaging a hundred sq meter.

Only a stone’s flip away to both the Kovan Mass Rapid Transit and also Serangoon MRT Interchange, the estate is reachable via major rds plus expressway like Upper Serangoon Road, Yio Chu Kang Rd as well as Central Expressway.

The place is similarly in close proximity to F&Bs together with grocery stores at NEX, Heartland Shopping Mall, Chomp Food Centre together with MyVillage. Schools such as Rosyth Sch, Zhonghua Primary School, IFS as well as Australian International School are also neighboring.

” By having a cost effective low sum, plus numerous reconstructing chances with regard to the great positioned location, the estate will certainly appeal to a selection of prospective buyers,” shared Swee Shou Fern, Executive Director of Inv Advisory at Edmund Tie.

” Apart from household developers that will be interested to partition the location in to various landed houses or rebuilt into a boutique house creation, our team furthermore expect curiosity coming from multi-generational and high-net-worth households aiming to procure for their personal keep.”

By having large single-owner reconstruct lands snugly held, Shou Fern supposes the real estate “might likely be the final available land procurable along Hillside Drive”.

Midtown Bay showflat location

The bidding for 48 Hillside Drive closes on 23 March.

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