Freehold Site At Mounbatten Road On Sale For $13mil
A free from hold housing area at 801 Mountbatten Rd in District 15 has been offered by using Expression of Interest with a guide price tag of $thirteen mil.
The value calculates to around $1,199 per sq ft based upon the residential property’s 10,839 square foot land area, disclosed restricted promotion and marketing specialist Savills Singapore.
To become sold on bare possession, the ground appreciates a 25m rd building front on Mountbatten Rd along with a piece deepness of approximately 37 meters.
Sector for housing, 2 floor semi-d usage under the 2019 Master Plan, the property plot contains a constant location configuration, allowing for utmost layout flexibility.
Savills noted this particular area offers the adaptability to get rebuilt into various landed house kinds for instance a set of bungalows or detached residences, a pair of semi-detached residences plus a bungalow, based on the validation of authorities.
Found 350m from the future Tanjong Katong MRT station, the location is near schools such as TKGS, Tj Katong Primary Sch, Chung Cheng High Sch plus Tanjong Katong Sec Sch.
The site, the direct neighbourhood of which mainly consists of discreet property houses, is also near PP shopping mall, i12 Katong and even the East Coast Rd shophouses.
“This particular offering is an outstanding advantage for both developers plus customers to obtain a large free from hold ground piece inside an affluent area, whereby there’s often limited quantity of freehold and ordinary structure housing landed rebuilt site within the property scarce S’pore offer for sale,” claimed Yap Hui Yee, Director of Inv Sales & Capital Markets at Savills S’pore.
“The hiding interest for landed residences continues being rather vigorous as many strong assets individuals/ families are continuously on the prowl for well-located landed apartments supplied the favorable permanent expectation for this specific property classification”, she added.
The EOI exercise for 801 Mountbatten Road shuts on 12Jan 21.