999-Year Leasehold Residential Site In Kovan On Sale For $18 Million
A Nine hundred Ninety-nine yr on lease home spot at Forty Eight Hillside Dr got put up for sale utilizing a lead cost of $Eighteen million in other words around $8hundred 55 psf on the spot area, exposed only advertising and marketing professional Edmund Tie.
Located in the older Kovan community, the 1thousand 9hundred 55.2 sq m area is sector for residence purpose within the 2K19 Master Plan with a PR of One point Four plus is held by a solo property owner.
The promotion and marketing agent noticed that the premises is appropriate as a huge property or home appropriate to a more than a single generation household or a wealthy person. The premises has the ability to further be rebuilt in to numerous landed home varieties or being a boutique residential creation by having as much as Twenty-seven home units equating 100 sq meter.
Simply a stone’s fling away to both the Kovan Mass Rapid Transit along with S’goon Mass Rapid Transit Interchange, the property is accessible using significant roads also expressway like Upper Serangoon Road, YCK Rd as well as Central Expressway.
It is at the same time nearby F&Bs including supermarkets at NEX, Heartland Shopping Mall, Chomp Food Centre as well as MyVillage. Educational institutions such as Rosyth School, Zhonghua Primary School, International French Sch and also Australian International School are equally nearby.
” For a budget friendly bite-sized sum, and also various reconstructing choices with regards to the excellent location area, the home will tempt a variety of interested customers,” claimed Ms Swee, Executive Director of Inv Advisory at Edmund Tie.
” Aside from household developers who are going to be interested to partition the location into different landed homes or reconstruct to a boutique home creation, we additionally foresee interest coming from high-net-worth and multi-generational family members planning to secure for their personal occupancy.”
With huge single-owner reconstruct lots tightly possessed, Ms Swee trusts the residence “might debatably is the final available parcel available for sale on Hillside Dr”.
The tender for Forty Eight Hillside Drive wraps up on 23 Mar 2K21.