999-Year Leasehold Residential Site In Kovan On Sale For $18 Million
A 9hundred 99 yr on lease home site at 48 Hillside Dr gets presented utilizing a guide rate of $18 million or maybe approximately $8hundred 55 per sq foot on the site space, communicated only promotion professional Edmund Tie.
Found amongst the developed Kovan community, the 21thousand and 46 sq ft spot is zoned for residential benefit within the 2019 Master Plan by having a plot proportion of One point Four and is possessed via an one home owner.
The advertising and marketing real estate agent documented that the real estate is suitable as a first-class residence of a multi-generational family members or a high-flying person. The premises has the ability to similarly be rebuilt into a number of landed accomodation types or possibly as a boutique residential project together with approximately Twenty-seven residence units equating a hundred square m.
Only a stone’s flip away to either Kovan Mass Rapid Transit also Serangoon Mass Rapid Transit Interchange, the premises is approachable with major roads plus expressway for example Upp S’goon Rd, YCK Rd and CTE.
It is as well close-by F&Bs including large groceries stores at NEX, Heartland Mall, Chomp Food Centre together with MyVillage. Educational institutions such as Rosyth Sch, Zhonghua Pri Sch, International French School as well as Australian Int’l Sch are likewise neighboring.
” Utilizing a budget friendly low amount, as well as many types of redevelopment choices with regard to the favorable location location, the house will certainly tempt a wide variety of interested customers,” said Swee Shou Fern, ED of Inv Advisory at Edmund Tie.
” Other than residence property developers that are going to be spirited to partition the spot into a wide range of landed homes or rebuilt in to a boutique condo development, our team additionally foresee excitement coming from multi-generational and high-flyer households hoping to purchase for their own occupancy.”
With big solo owner reconstruct plots firmly held, she trusts the title “might probably is the final obtainable plot up for sale along Hillside Dr”.
The offer for Forty Eight Hillside Dr ends on 23 March.