Freehold Site At Mounbatten Road On Sale For $13mil
A freehold property site at 801 Mountbatten Road in District 15 has been put up for sale via EOI with a lead fee of $thirteen million.
It works out to more or less $1.2K per sq ft based on the property’s 10.839 thousand square foot ground area, revealed exceptional advertising professional Savills Singapore.
To be sold on vacant possession, the location takes pleasure in a twenty-five meters road frontage on Mountbatten Rd alongside a piece depth of nearly 37 meters.
Sector for home, two-floor semi-detached use under the 2K19 Master Plan, the ground piece offers a regular site configuration, permitting maximum creation performance.
Savills recorded that the location grants the adaptability for being reconfiguration into a variety of landed property types for instance, a set of house or detached properties, a set of semi-d residences and also a house, subject to the authorization of officials.
Found 350m from the upcoming Tanjong Katong Mass Rapid Transit terminal, the area is near colleges such as Tanjong Katong Girls’ School, Tanjong Katong Primary Sch, Chung Cheng High Sch plus Tanjong Katong Sec Sch.
The site, the close neighbourhood of which mainly comprises exclusive landed houses, is similarly close to Parkway Parade, i12 Katong and the East Coast Rd shop houses.
“This particular furnishing is an exceptional chance for both planners as well as buyers to get a significant freehold ground area within an affluent district, where there is consistently restricted amount of free lease and regular structure residential landed reconstruct area within the property sparse Singapore available for sale,” expressed Yap Hui Yee, Director of Inv Sales & Capital Markets at Savills S’pore.
“The underlying necessity for landed residential properties continues being reasonably strong as numerous high net worth people/ families are on the search for well-located landed properties supplied the positive extended expectation for this particular property class”, she added in.
The Expression of Interest exercise for 801 Mountbatten Rd shuts on 12 January 2021.