Freehold Site At Mounbatten Road On Sale For $13mil
A free from hold non commercial ground at 801 Mountbatten Road in Area 15 was on the market by using EOI with a guide rate of $thirteen million.
This works out to roughly $1,199 psf based upon the property’s 10,839 square foot area of land, revealed specialized promotion and marketing agent Savills SG.
To be availabled on uninhabited possession, the site appreciates a twenty-five meters path facade by Mountbatten Rd along with an area deepness of approximately 37m.
Sector for residential, 2 level semi-detached usage under the 2K19 Master Plan, the land area contains an uniform area arrangement, allowing for optimum layout productivity.
Savills mentioned this particular site provides the flexibility to be redeveloped into a range of landed house types like a pair of house or detached residences, a pair of semi-detached homes and even a bungalow, based on the approval of officials.
Located 350 meters from the upcoming Tanjong Katong Mass Rapid Transit terminal, the site is near schools such as TKGS, Tj Katong Primary Sch, Chung Cheng High School plus Tj Katong Sec Sch.
The site, the proximate neighbourhood of which mainly consists of personal property houses, is likewise close to PP shopping mall, i12 Katong along with the East Coast Rd shop houses.
“This offering is an exceptional opportunity for these builders as well as customers to gain a significant free from hold property area among an upper class district, where generally are constantly controlled amount of free lease and even standard format non commercial landed rebuilt ground within the property rare SG available,” shared Yap Hui Yee, Dir of Investment Sales & Capital Markets at Savills SG.
“The underlying interest for landed properties maintains remarkably strong as several top assets people/ families are continuously on the search for well-located landed apartments given the favorable long-lasting forecast for this particular property class”, she added in.
The Expression of Interest movement for 801 Mountbatten Road closes on 12 January 2021.