Freehold Site At Mounbatten Road On Sale For $13mil
A freehold non commercial ground at 801 Mountbatten Rd in District 15 has been put up for sale through EOI for a starting rate of $13 million.
The fee calculates to roughly $1.2K per square foot based upon the residence’s 10.839 thousand sq ft acreage, revealed specialized marketing and advertising agent Savills SG.
Being availabled on free possession, the area rejoices in a twenty-five meters road frontage by Mountbatten Rd alongside a piece deepness of approximately 37m.
Sector for property, 2 storey semi-detached use under the ’19 Master Plan, the ground piece contains a consistent area structure, taking into account maximum style capability.
Savills mentioned this particular site uses the versatility to be rebuilt into different landed house kinds like a couple of house or detached properties, a couple of semi-d properties plus a house, subject to the permission of officials.
Located three hundred and fifty meters from the upcoming Tanjong Katong MRT station, the area is near schools such as Tanjong Katong Girls’ School, Tanjong Katong Primary School, Chung Cheng High Sch as well as Tj Katong Secondary School.
The site, the proximate neighborhood of which mainly makes up confidential ground bungalows, is similarly in close proximity to PP shopping mall, i12 Katong and the East Coast Road shophouses.
“This particular offer is a special possibility for the two builders as well as clients to purchase a sizeable freehold land area among a wealthy district, in which generally are constantly limited amount of free from hold and even consistent format residential landed redevelopment area within the ground rare SG offer for sale,” claimed Ms Yap, Dir of Investment Sales & Capital Markets at Savills S’pore.
“The hiding necessity for landed homes maintains remarkably healthy as many high net worth people/ families are on the look for ideally located landed buildings granted the desirable long-lasting opportunity for this asset category”, she included.
The EOI movement for 801 Mountbatten Road wraps up on 12January 2021.