999-Year Leasehold Residential Site In Kovan On Sale For $18 Million

A 9hundred 99 yr on lease residence location at Forty Eight Hillside Dr got put up for sale with a minimum amount of $Eighteen mil on the other hand around $855 per sq foot on the site space, disclosed one and only promotion and marketing professional Edmund Tie.

Situated in the developed Kovan estate, the 1thousand 9hundred 55.2 sq meter spot is sectioned for residential usage in the 2K19 Master Plan with a PR of 1.4 plus is owned by a sole owner.

The marketing professional documented the fact that the estate is suitable as a first-class residence appropriate to a high-flying person or a multi-generational family members. The real estate can additionally be redeveloped in to various landed housing options or as a boutique non commercial development by having up to Twenty-seven apartment units averaging a hundred sq meter.

Avenue South Residence showflat location

Only a stone’s toss away to the two Kovan Mass Rapid Transit and Serangoon MRT Transport Hub, the house is easy to get to through main roads and also expressway like Upper S’goon Road, Yio Chu Kang Rd and Central Expressway.

The site is also neighboring restaurants including supermarkets at NEX, Heartland Mall, Chomp Food Centre and also MyVillage. Schools such as Rosyth Sch, Zhonghua Primary Sch, Int’l French School and Australian Int’l Sch are additionally in close proximity.

” Utilizing a budget friendly bite-sized amount, as well as different rebuilding possibilities with regards to the well-located site, the property will most likely attract a variety of interested investors,” shared Shou Fern, ED of Inv Advisory at Edmund Tie.

” Other than residence property developers who are going to be keen to split the location into plenty of landed residences or reconstruct to a boutique home creation, we also foresee enthusiasm coming from more than 1 generation families and wealthy family members considering to buy for their own occupancy.”

By having huge single homeowner reconstruct lots firmly possessed, she considers the estate “can perhaps be the remaining that can be found plot offer for sale on Hillside Dr”.

The offer for Forty Eight Hillside Drive discontinues on 23Mar 2021.


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