999-Year Leasehold Residential Site In Kovan On Sale For $18 Million
A 9hundred 99 yr leasehold home ground at Forty Eight Hillside Dr has been put up for sale by having a minimum rate of $Eighteen million on the other hand approximately $855 per square ft on the spot space, disclosed single marketing representative Edmund Tie.
Found in the older Kovan community, the 21,046 square foot site is sectioned for residence utilization under the 2019 Master Plan with a plot ratio of One point Four and is secured by simply a sole owner.
The promotion professional took note that the title is appropriate as a grand property appropriate to a multi-generational family or a high-net-worth individual. It can possibly similarly be reconstruct into multiple landed homes types or possibly as a boutique housing development by having right up to Twenty-seven condo units evening out one hundred square m.
Simply a stone’s throw away to both Kovan Mass Rapid Transit as well as S’goon MRT Transport Hub, the real estate is accessible through main rds and expressway specifically Upp S’goon Rd, Yio Chu Kang Road and CTE.
It is also near F&Bs including grocery stores at NEX, Heartland Shopping Mall, Chomp Food Centre and MyVillage. Educational institutions such as Rosyth School, Zhonghua Primary Sch, Int’l French Sch and Australian International Sch are also in close proximity.
” For an economical low sum, and even different redevelopment opportunities intended for the desirable placement ground, the estate will certainly invite a large range of potential investors,” thought Swee Shou Fern, ED of Inv Advisory at Edmund Tie.
” Other than housing real estate investors who are going to be spirited to subdivide the ground to a number of landed houses or redevelop to a boutique flat project, our team additionally look forward to passion from multi-generational and high-net-worth homes hoping to acquire for their own keep.”
By having large single-owner reconstruct parcels firmly possessed, she trusts the house “might likely is the last that can be found plot available for sale on Hillside Dr”.
The offer for Forty Eight Hillside Drive discontinues on 23March 2021.