999-Year Leasehold Residential Site In Kovan On Sale For $18 Million
A Nine hundred Ninety-nine year leasehold home area at 48 Hillside Dr has been put up for sale utilizing a guide asking price of $Eighteen million on the other hand about $855 per sq ft on the location space, declared only promotion and marketing specialist Edmund Tie.
Located inside of the older Kovan community, the 1,955.2 square meter ground is zoned for personal use in the 2019 Master Plan by having a PR of 1.4 and also is maintained by simply a solitary homeowner.
The marketing agent documented the fact that the home is ideal as a luxurious residence appropriate to a multi-generational home or a wealthy person. It is able to potentially be reconstruct in to different landed home types or as a boutique housing development with as many as 27 apartment units averaging one hundred square m.
Merely a stone’s toss away to either Kovan Mass Rapid Transit along with Serangoon Mass Rapid Transit Interchange, the real estate is accessible with significant rds also expressway namely Upper Serangoon Rd, Yio Chu Kang Rd and Central Expressway.
It is furthermore around dining establishments together with grocery stores at NEX, Heartland Shopping Mall, Chomp Food Centre also MyVillage. Educational institutions such as Rosyth School, Zhonghua Pri School, IFS and AIS are also in close proximity.
” With an economical low sum, and also different reconstructing opportunities with regard to the favorable location ground, the title will certainly tempt a selection of interested prospective buyers,” explained Swee Shou Fern, Executive Director of Inv Advisory at Edmund Tie.
” Other than personal builders who will most likely be keen to redivide the ground in to a wide range of landed homes or redevelop into a boutique flat development, our team additionally expect interest from multi-generational and high-flyer families seeking to purchase for their personal living.”
By having big exclusive property owner redevelopment lots closely enjoyed, she believes the home “might just probably is the remaining at hand plot available for sale on Hillside Drive”.
The bidding for 48 Hillside Drive closes on 23 March.