Freehold Site At Mounbatten Road On Sale For $13mil
A free from hold housing ground at 801 Mountbatten Rd in Area 15 was offered using EOI along with a lead fee of $thirteen million.
It works out to around $1.2K per square foot based upon the building’s 10.839K sq ft area of land, disclosed exceptional promotion professional Savills Singapore.
To be availabled on vacant furnishings, the ground rejoices in a 25m rd building front on Mountbatten Road as well as an area depth of about 37 meters.
Zoned for housing, 2 floor semi-detached use under the 2K19 Master Plan, the property piece includes a consistent site structure, enabling optimum creation functionality.
Savills recorded this particular ground gives the versatility to be redeveloped into several landed property styles for example, a pair of bungalows or detached homes, a couple of semi-detached houses and also a house, dependent on the permission of officials.
Found 350 meters from the coming Tanjong Katong Mass Rapid Transit station, the area is near educational institutions such as TKGS, Tj Katong Pri Sch, Chung Cheng High Sch plus Tanjong Katong Secondary School.
The ground, the nearby neighbourhood of which mostly comprises discreet landed houses, is likewise close to PP shopping mall, i12 Katong and the East Coast Rd shop houses.
“This particular offering is an outstanding advantage for these end-users and planners to purchase a sizeable free lease land area inside a wealthy area, whereby there is consistently limited amount of free from hold as well as regular format property landed reconfiguration location within the property sparse SG offer for sale,” mentioned Yap Hui Yee, Director of Inv Sales & Capital Markets at Savills S’pore.
“The hiding need for landed residences continues to be remarkably healthy as many top total assets individuals/ households are on the search for well-located landed residences granted the desirable long-term possibility for this specific property type”, she added in.
The Expression of Interest operation for 801 Mountbatten Rd finalizes on 12January 2021.