999-Year Leasehold Residential Site In Kovan On Sale For $18 Million
A 999 yr leasehold household spot at 48 Hillside Dr has been submitted by having an ideal amount of $18 million or maybe around $8hundred 55 per square foot on the location space, declared one and only marketing and advertising agent Edmund Tie.
Positioned in the older Kovan estate, the 1thousand 9hundred 55.2 sq m site is sector for housing usage under the 2K19 Master Plan utilizing a PR of One point Four plus is owned by a solitary homeowner.
The marketing and advertising specialist noticed the fact that the home is appropriate as a first-class residence belonging to a high-net-worth person or a more than a single generation household. It is able to potentially be redeveloped in to a number of landed homes forms or as a boutique housing development with right up to Twenty-seven condo units evening out 100 sq meter.
Just a stone’s flip away to these Kovan MRT also Serangoon MRT Interchange, the residential property is accessible by using significant roads also expressway for instance Upper Serangoon Road, YCK Road and CTE.
The place is likewise nearby dining establishments plus large groceries stores at NEX, Heartland Mall, Chomp and even MyVillage. Educational institutions such as Rosyth School, Zhonghua Primary Sch, IFS and also AIS are likewise in close proximity.
” By having a cost effective low quantum, plus multiple reconstructing potentials regarding the well-located site, the residence will certainly tempt a selection of prospective buyers,” pointed out Swee Shou Fern, ED of Investment Advisory at Edmund Tie.
” Apart from household developers who are going to be eager to split the area to plenty of landed houses or redevelop to a boutique house creation, our team furthermore look forward to enthusiasm coming from high-flyer and more than one generation households considering to purchase for their private stay.”
By having huge single homeowner redevelopment plots snugly held, Shou Fern supposes the title “can arguably is the last obtainable parcel for sale on Hillside Dr”.
The bidding for 48 Hillside Dr discontinues on 23 March 2K21.