Two-storey conservation bungalow along Mountbatten Road selling for $54.5 mil
The freehold heritage property in District 15 remains on a 32,052 sq ft corner plot along Mountbatten Road and Crescent Road. The guide price translates to a land price of $1,700 psf.
The real estate is found a 9-minute walk from Tanjong Katong MRT Terminal, providing access to the Thompson-East Coast Line. It positions throughout 1km of Tanjong Katong Primary School, Tanjong Katong Secondary School, and Tanjong Katong Girls’ School.
The seven-bedroom bungalow even comprises a living room, living hall, formal eating room, team quarters, and a carport. It additionally has an exterior tea yard, a koi pond, and a garden center. According to Knight Frank, brand-new expansions to the real estate are feasible, based on approval.
The tender for the sale finalizes on April 2.
Based resale data, the final negotiated cottage in the place was 759 Mountbatten Road which yielded $29 million (1,391 psf) when it was offered in April 2022. Knight Frank research indicates that the median cost of estate landed real properties in Area 15 has actually expanded from $1,764 psf in 1Q2022 to $2,094 psf in 4Q2023.
A two-storey conserving bungalow around Mountbatten Road goes on the market for $54.5 million, according to the advertising agent Knight Frank.
“Very seldom does such an exceptional real estate had by the very same family for close to a century become offered up for sale,” says Mary Sai, executive supervisor, capital markets, Knight Frank Singapore. She includes: “This conservation home, which is incredibly well maintained and positioned on a huge plot size, is a trophy asset in the much-coveted East Coast location”.
“This building is not just rich in historic worth, but it’s intrinsic aesthetic charm resembles artwork; an unique opportunity for a sophisticated buyer to add a remarkable real estate to their profile,” says Nicholas Keong, head of home and private workplace at Knight Frank Singapore.
Because of the size of the estate and dual road front there are 3 gateways that facilitate entry, 2 near Mountbatten Road and one along Crescent Road. Originally built in 1851, the façade of the building mirrors Colonial, Victorian and Art Deco building designs.
