Freehold Site At Mounbatten Road On Sale For $13mil
A free lease property area at 801 Mountbatten Rd in Area 15 has been offered by means of Expression of Interest for a guide fee of $13 mil.
It calculates to approximately $1.2K psf based on the apartment’s 10,839 sq ft area of land, shared specialized advertising representative Savills SG.
To be sold on free furnishings, the ground experiences a 25m road building front along Mountbatten Road as well as a piece depth of about thirty-seven meters.
Sector for housing, two-floor semi-d utilization under the ’19 Master Plan, the ground area includes a constant ground arrangement, considering utmost style capability.
Savills considered this particular location uses the versatility to be rebuilt into numerous landed property kinds for instance, a couple of house or detached homes, a set of semi-d properties plus a bungalow, based on the validation of officials.
Located three hundred and fifty meters from the coming Tanjong Katong MRT terminal, the location is near colleges such as TKGS, Tanjong Katong Pri Sch, Chung Cheng High School as well as Tj Katong Sec School.
The area, the close neighbourhood of which mostly consists of reserved ground bungalows, is also around PP shopping mall, i12 Katong along with the East Coast Road shop houses.
“This particular offer is a remarkable chance for these property developers as well as customers to obtain a significant freehold ground plot within an upscale area, in which generally are constantly controlled supply of free from hold and also standard structure residential landed reconfiguration location within the land rare SG available,” explained Ms Yap, Dir of Investment Sales & Capital Markets at Savills SG.
“The underlying interest for landed homes continues being rather solid as lots of top net worth individuals/ families are continuously on the search for well-located landed apartments presented the affirmative extended expectation for this particular asset classification”, she continued.
The EOI exercise for 801 Mountbatten Rd wraps up on 12 January 2021.