Freehold Site At Mounbatten Road On Sale For $13mil
A freehold housing area at 801 Mountbatten Road in Area 15 was put up for sale by Expression of Interest along with a guide rate of $13 million.
It calculates to approximately $1,199 psf based upon the property’s 10.839K sq ft area of land, revealed specialized advertising professional Savills SG.
To become sold on tenantless furnishings, the ground takes pleasure in a 25m road building front along Mountbatten Rd including a plot deepness of roughly thirty-seven meters.
Region for household, two-floor semi-detached benefit under the 2K19 Master Plan, the property plot offers a regular site structure, considering maximum style productivity.
Savills considered this particular location furnishes the adaptability for being reconfiguration into several landed housing kinds for example, a set of house or detached homes, a set of semi-detached homes plus a bungalow, dependent on the approval of officials.
Found 350m from the future Tanjong Katong MRT station, the site is near colleges such as Tanjong Katong Girls’ School, Tanjong Katong Primary School, Chung Cheng High Sch as well as Tanjong Katong Secondary Sch.
The area, the proximate community of which mostly consists of exclusive landed bungalows, is additionally around PP shopping mall, i12 Katong along with the East Coast Road shophouses.
“This particular offer is an outstanding possibility for both real estate investors as well as end-users to gain a substantial free lease property plot among an affluent district, whereby there’s consistently restricted source of free lease as well as standard style housing landed redevelopment location within the property short SG for sale,” expressed Ms Yap, Dir of Inv Sales & Capital Markets at Savills SG.
“The underlying interest for landed residential properties is still rather solid as lots of top resources people/ households are on the look for ideally positioned landed properties given the affirmative lasting possibility for this particular asset category”, she included.
The Expression of Interest exercise for 801 Mountbatten Road closes on 12 Jan ’21.