999-Year Leasehold Residential Site In Kovan On Sale For $18 Million
A 9hundred 99 yr leasehold residential location at 48 Hillside Dr has been put up for sale utilizing a guide price of $18 million on the other hand around $8hundred 55 per sq ft on the location space, communicated sole advertising and marketing representative Edmund Tie.
Found inside the mature Kovan neighbourhood, the 1,955.2 square m area is sectioned for residence use within the 2019 Master Plan with a plot ratio of 1.4 and is kept by a solitary property owner.
The promotion and marketing real estate agent indicated that the premises is excellent as a luxurious home of a more than 1 generation family or a high-flying person. It can similarly be redeveloped into various landed homes styles or being a boutique housing project together with approximately Twenty-seven house units evening out one hundred sq meter.
At most a stone’s throw away to either Kovan Mass Rapid Transit including Serangoon MRT Transport Hub, the real estate is within reach by using major rds along with highway specifically Upp Serangoon Rd, YCK Road as well as Central Expressway.
The location is likewise in close proximity to dining establishments plus grocery stores at NEX, Heartland Shopping Mall, Chomp and even MyVillage. Educational institutions such as Rosyth School, Zhonghua Pri Sch, International French School and Australian International School are additionally close by.
” Utilizing an inexpensive low amount, including various sorts of reconstructing possibilities regarding the well-located area, the property is going to entice a large range of potential investors,” stated Swee Shou Fern, Executive Director of Inv Advisory at Edmund Tie.
” Besides home real estate investors who will most likely be intense to partition the spot to a wide range of landed homes or rebuilt to a boutique house development, our team additionally expect passion coming from high-net-worth and multi-generational households wanting to purchase for their private occupancy.”
By having large single-owner reconstruct parcels closely possessed, she trusts the real estate “might just debatably be the last obtainable lot to buy on Hillside Dr”.
The bidding for 48 Hillside Drive terminates on 23 March.