999-Year Leasehold Residential Site In Kovan On Sale For $18 Million
A 9hundred 99 year on lease housing location at 48 Hillside Drive was submitted with a lead cost of $18 mil as an alternative roughly $855 psf on the ground area, shared one and only marketing and advertising professional Edmund Tie.
Located within the older Kovan neighbourhood, the 1thousand 9hundred 55.2 square m spot is sectioned for residential usage within the 2K19 Master Plan by having a PR of 1.4 and even is held at the hand of a solo homeowner.
The promotion representative documented that the home is optimal as a grand home of a high-flying person or a more than a single generation home. It has the ability to as well be rebuilt in to various landed house options alternatively as a boutique non commercial creation with up to Twenty-seven flat units equating 100 square meter.
Simply a stone’s toss away to both the Kovan MRT also Serangoon MRT Interchange, the house is accessed by using main rds and also highway which includes Upper Serangoon Road, YCK Rd as well as Central Expressway.
It is furthermore nearby F&Bs and supermarkets at NEX, Heartland Mall, Chomp Food Centre along with MyVillage. Schools such as Rosyth Sch, Zhonghua Primary School, International French School as well as AIS are additionally close by.
” Utilizing a reasonably priced bite-sized quantum, along with a range of redevelopment chances regarding the well-located ground, the property will certainly tempt a diverse of possible investors,” said Swee Shou Fern, ED of Investment Advisory at Edmund Tie.
” Besides housing builders that are going to be spirited to subdivide the location into different landed homes or redevelop into a boutique residence creation, our team furthermore foresee curiosity from multi-generational and high-net-worth family members looking to purchase for their private stay.”
With large solo proprietor reconstruct parcels closely maintained, Shou Fern supposes the home “might just debatably be the final existing lot offer for sale along Hillside Drive”.
The tender for 48 Hillside Drive discontinues on 23 March.