999-Year Leasehold Residential Site In Kovan On Sale For $18 Million

A 9hundred 99 yr on lease non commercial area at 48 Hillside Dr has been put up for sale by having a pilot value of $18 million or maybe approximately $8hundred 55 per square foot on the spot space, announced single promotion agent Edmund Tie.

Located among the older Kovan estate, the 1thousand 9hundred 55.2 square meter spot is zoned for non commercial utilization within the 2019 Master Plan utilizing a PR of One point Four plus is owned at the hand of a solitary home owner.

The marketing real estate agent took note the fact that the home is excellent as a majestic home appropriate to a more than 1 generation home or a high-flying person. It can possibly additionally be redeveloped in to multiple landed home styles or possibly being a boutique residence project along with up to Twenty-seven residence units averaging 100 square meter.

Only a stone’s flip away to both the Kovan MRT as well as S’goon Mass Rapid Transit Interchange, the premises is accessible through main rds and also highway like Upper Serangoon Road, Yio Chu Kang Rd as well as Central Expressway.

The place is at the same time in close proximity to F&Bs along with grocery stores at NEX, Heartland Mall, Chomp along with MyVillage. Schools such as Rosyth School, Zhonghua Primary School, IFS and Australian Int’l School are also in close proximity.

” Utilizing a cost effective low quantum, and also various sorts of rebuilding options for the well situated area, the title will entice a wide range of prospective buyers,” stated Ms Swee, ED of Inv Advisory at Edmund Tie.

Piermont Grand showflat location

” Other than residence real estate investors that are going to be eager to partition the ground into plenty of landed homes or reconstruct into a boutique flat creation, our team also foresee curiosity from high-net-worth and multi-generational family members planning to obtain for their own keep.”

By having big solo homeowner rebuild parcels snugly owned, she trusts the real estate “may debatably be the remaining existing land offer for sale along Hillside Dr”.

The offer for 48 Hillside Drive wraps up on 23 March ’21.


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