Freehold Site At Mounbatten Road On Sale For $13mil
A free from hold property area at 801 Mountbatten Rd in Area 15 was put up for sale by using Expression of Interest for a guide rate of $thirteen mil.
The value works out to more or less $1.2K psf based upon the residential property’s 10.839K sq ft acreage, revealed exclusive promoting and marketing specialist Savills Singapore.
Being availabled on bare furnishings, the location savors a 25 meters road frontage by Mountbatten Road along with a plot depth of about 37m.
Region for housing, two-storey semi-detached usage under the 2019 Master Plan, the land area comes with a regular ground structure, enabling maximum creation performance.
Savills considered that the location furnishes the flexibility to be redeveloped into assorted landed house kinds for instance a pair of house or detached residences, a pair of semi-d residences and also a house, dependent on the approval of officials.
Situated three hundred and fifty meters from the coming Tanjong Katong Mass Rapid Transit terminal, the location is near colleges such as TKGS, Tanjong Katong Primary School, Chung Cheng High Sch and Tj Katong Secondary School.
The ground, the proximate neighbourhood of which mostly consists of discreet property bungalows, is likewise close to Parkway Parade, i12 Katong as well as the East Coast Road shophouses.
“This particular furnishing is an extraordinary chance for these builders as well as buyers to secure a substantial freehold land piece inside an upper class district, in which there’s consistently controlled quantity of free from hold and even ordinary layout non commercial landed reconstruct location within the land short S’pore available for sale,” expressed Ms Yap, Dir of Investment Sales & Capital Markets at Savills S’pore.
“The hiding necessity for landed properties stays reasonably solid as plenty of high resources individuals/ families are continuously on the look for well-located landed properties presented the favorable permanent forecast for this specific asset class”, she continued.
The Expression of Interest activity for 801 Mountbatten Rd seals on 12 Jan ’21.