Freehold Site At Mounbatten Road On Sale For $13mil
A freehold residential land at 801 Mountbatten Rd in District 15 has been put up for sale via Expression of Interest for a lead fee of $thirteen mil.
The rate works out to more or less $1.2K per square foot based upon the property’s 10.839 thousand square foot area of land, published exceptional advertising and marketing rep Savills Singapore.
To become sold on vacant possession, the ground experiences a 25m path frontage along Mountbatten Road as well as an area depth of nearly 37m.
Area for home, 2 floor semi-detached purpose under the 2K19 Master Plan, the property area comes with an uniform area structure, taking into account optimum concept effectiveness.
Savills observed that the location gives the adaptability for being reconstruct into a range of landed housing kinds for example, a couple of bungalows or detached residences, a pair of semi-detached properties and a house, based on the validation of officials.
Located 350 meters from the coming Tanjong Katong MRT station, the area is near colleges such as TKGS, Tanjong Katong Pri School, Chung Cheng High School as well as Tj Katong Secondary School.
The site, the proximate neighbourhood of which primarily comprises private ground houses, is similarly close-by Parkway Parade, i12 Katong and even the East Coast Road shop houses.
“This particular offering is an exceptional advantage for both end-users plus developers to get a considerable freehold ground plot within an upscale district, in which generally are consistently restricted quantity of free lease and also regular format housing landed redevelopment location within the ground sparse Singapore available for sale,” stated Ms Yap, Director of Investment Sales & Capital Markets at Savills S’pore.
“The hiding need for landed residences maintains reasonably vigorous as numerous top resources people/ households are on the prowl for well-located landed buildings supplied the desirable extended forecast for this asset category”, she added in.
The Expression of Interest movement for 801 Mountbatten Rd wraps up on 12 Jan ’21.