Freehold Site At Mounbatten Road On Sale For $13mil
A freehold non commercial location at 801 Mountbatten Rd in Area 15 was offered using EOI for a lead fee of $13 mil.
The price formulates to more or less $1,199 psf based upon the property’s 10.839 thousand square foot area of land, published restricted advertising and marketing rep Savills SG.
To become sold on vacant ownership, the location takes pleasure in a 25 meters rd building front on Mountbatten Rd including a plot deepness of approximately 37m.
Sector for property, two-floor semi-detached utilization under the 2K19 Master Plan, the land piece includes a consistent location configuration, permitting optimum development productivity.
Savills observed this particular site gives the versatility to get reconfiguration into several landed real estate kinds such as a set of bungalows or detached homes, a set of semi-d residences and also a house, subject to the permission of officials.
Located 350m from the upcoming Tanjong Katong MRT station, the area is near educational institutions such as Tanjong Katong Girls’ School, Tj Katong Primary Sch, Chung Cheng High Sch plus Tj Katong Secondary School.
The location, the close neighbourhood of which predominantly makes up exclusive ground bungalows, is additionally close to PP shopping mall, i12 Katong in addition to the East Coast Rd shophouses.
“This offering is a remarkable opportunity for these end-users and also builders to attain a sizeable free lease ground piece inside a wealthy district, where there’s consistently limited supply of free from hold as well as consistent structure property landed redevelopment area within the ground short SG offer for sale,” explained Yap Hui Yee, Dir of Investment Sales & Capital Markets at Savills S’pore.
“The underlying requirement for landed residences maintains fairly strong as several top assets individuals/ families are continuously on the prowl for well situated landed residential properties given the affirmative long-lasting expectation for this specific property type”, she added in.
The EOI movement for 801 Mountbatten Road seals on 12Jan 21.