Freehold Site At Mounbatten Road On Sale For $13mil
A freehold residential land at 801 Mountbatten Rd in District 15 has been on the market by means of EOI with a guide price tag of $13 million.
The price tag calculates to roughly $1,199 per square foot based on the building’s 10,839 square foot ground area, published exceptional marketing and advertising rep Savills SG.
To be sold on uninhabited possession, the location enjoys a twenty-five meters rd building front by Mountbatten Road alongside a plot depth of nearly 37m.
Region for housing, 2 storey semi-detached usage under the ’19 Master Plan, the ground plot comes with an uniform location arrangement, enabling utmost concept productivity.
Savills mentioned that the ground furnishes the versatility for being rebuilt into several landed house kinds like a set of bungalows or detached homes, a set of semi-detached homes and a house, dependent on the consent of officials.
Located three hundred and fifty meters from the future Tanjong Katong Mass Rapid Transit station, the area is near educational institutions such as TKGS, Tanjong Katong Primary Sch, Chung Cheng High School and Tj Katong Sec Sch.
The site, the close neighbourhood of which mainly comprises personal landed houses, is likewise close-by PP shopping mall, i12 Katong along with the East Coast Rd shop houses.
“This particular offer is an outstanding possibility for both real estate investors plus end-users to obtain a considerable freehold ground area among an upscale area, where there is constantly controlled quantity of free lease as well as standard design non commercial landed reconstruct ground within the ground sparse S’pore available,” stated Ms Yap, Dir of Inv Sales & Capital Markets at Savills Singapore.
“The underlying interest for landed residential properties maintains fairly steady as plenty of top assets individuals/ households are continuously on the search for well-located landed buildings granted the favorable long-lasting prospect for this asset classification”, she added.
The Expression of Interest movement for 801 Mountbatten Road seals on 12 January 2021.