Two-storey conservation bungalow along Mountbatten Road selling for $54.5 mil
The seven-bedroom home also makes up a family room, living hall, formal eating space, staff quarters, and a garage. It also has an outdoor tea garden, a koi pond, and a nursery. According to Knight Frank, new expansions to the property are possible, based on authorization.
Based resale data, the last negotiated cottage in the spot was 759 Mountbatten Roadway which fetched $29 million (1,391 psf) when it was sold in April 2022. Knight Frank research notes that the median cost of property landed estates in Area 15 has actually expanded from $1,764 psf in 1Q2022 to $2,094 psf in 4Q2023.
As a result of the size of the estate and dual roadway front there are three gates that assist in entrance, two throughout Mountbatten Road and one along Crescent Roadway. Originally installed 1851, the façade of the property shows Colonial, Victorian and Art Deco industrial styles.
“Very rarely does such a distinct property possessed by the same family for almost a century become available available,” states Mary Sai, executive supervisor, capital markets, Knight Frank Singapore. She adds: “This preservation home, which is extremely well kept and positioned on a big plot size, is a prize property in the much-coveted East Coast place”.
The freehold heritage property in District 15 sits on a 32,052 sq ft edge plot throughout Mountbatten Road and Crescent Road. The guide rate converts to a land price of $1,700 psf.
“This property is not only rich in historic value, however it’s intrinsic visual charm resembles art; an unique possibility for a classy customer to add an extraordinary property to their profile,” says Nicholas Keong, head of residential and exclusive workplace at Knight Frank Singapore.
The real estate is found a 9-minute stroll from Tanjong Katong MRT Terminal, providing access to the Thompson-East Coast Line. It sits throughout 1km of Tanjong Katong Primary School, Tanjong Katong Secondary School, and Tanjong Katong Girls’ School.
The tender for the sale finalizes on April 2.
A two-storey conserving bungalow near Mountbatten Roadway gets on the market for $54.5 million, according to the advertising and marketing realtor Knight Frank.
