999-Year Leasehold Residential Site In Kovan On Sale For $18 Million
A 9hundred 99 yr leasehold residential spot at 48 Hillside Dr was put up for sale with a pilot figure of $18 million or maybe roughly $855 psf on the ground area, declared one and only advertising and marketing real estate agent Edmund Tie.
Found amongst the matured Kovan estate, the 1thousand 9hundred 55.2 sq m spot is sector for housing utilization in the 2K19 Master Plan utilizing a plot ratio of One point Four and also is possessed at the hand of an one property owner.
The marketing and advertising representative indicated that the real estate is appropriate as a huge residence of a high-net-worth person or a multi-generational family. The property is able to similarly be reconstruct into multiple landed housing forms or even as a boutique household development together with approximately 27 house units evening out a hundred sq m.
Merely a stone’s flip away to these Kovan Mass Rapid Transit including S’goon MRT Interchange, the title is easy to get to through major rds also highway namely Upp Serangoon Rd, Yio Chu Kang Road as well as Central Expressway.
The area is likewise neighboring restaurants along with large groceries stores at NEX, Heartland Mall, Chomp and even MyVillage. Schools such as Rosyth Sch, Zhonghua Primary Sch, IFS as well as AIS are similarly close by.
” By having an affordable low quantum, as well as many types of reconstructing chances with regards to the well-located ground, the estate will most likely interest a large range of prospective buyers,” thought Swee Shou Fern, ED of Investment Advisory at Edmund Tie.
” Aside from residence developers that will certainly be keen to redivide the spot into different landed homes or reconstruct in to a boutique apartment project, our team likewise look ahead to passion coming from more than a single generation families and high-net-worth families planning to procure for their private keep.”
With huge single-owner rebuild lands firmly secured, Shou Fern strongly believes the house “might debatably is the last obtainable plot up for sale along Hillside Drive”.
The offer for 48 Hillside Drive concludes on 23 March 2021.