Two-storey conservation bungalow along Mountbatten Road selling for $54.5 mil
A two-storey conservation bungalow along Mountbatten Road goes on the marketplace for $54.5 million, according to the advertising and marketing agent Knight Frank.
The freehold heritage real estate in District 15 rests on a 32,052 sq ft side plot around Mountbatten Road and Crescent Road. The guide cost converts to a land rate of $1,700 psf.
The tender for the sale closes up on April 2.
The property is found a 9-minute stroll from Tanjong Katong MRT Terminal, providing access to the Thompson-East Coast Line. It rests throughout 1km of Tanjong Katong Primary School, Tanjong Katong High School, and Tanjong Katong Girls’ School.
“Very rarely does such an exceptional real estate owned and operate by the very same family for nearly a hundred of years become readily available offer for sale,” says Mary Sai, executive manager, resources markets, Knight Frank Singapore. She includes: “This conservation bungalow, that is extremely well maintained and positioned on a large plot measurements, is a trophy property in the much-coveted East Coast area”.
“This property is not just rich in historic value, however it’s innate visual charm is like art; an unique opportunity for a sophisticated purchaser to include an extraordinary property to their profile,” states Nicholas Keong, head of residential and exclusive office at Knight Frank Singapore.
As a result of the dimension of the estate and double roadway frontage there are three gates that help with entrance, two along Mountbatten Road and one near Crescent Roadway. Originally installed 1851, the façade of the real estate shows Colonial, Victorian and Art Deco industrial designs.
The seven-bedroom bungalow also comprises a family room, living hall, formal dining space, personnel quarters, and a carport. It also has an outdoor tea garden, a koi fish pond, and a garden center. According to Knight Frank, new extensions to the property are possible, based on authorization.
Based resale information, the very last negotiated cottage in the spot was 759 Mountbatten Roadway which fetched $29 million (1,391 psf) when it was sold in April 2022. Knight Frank research notes that the typical rate of property landed real properties in Area 15 has actually expanded from $1,764 psf in 1Q2022 to $2,094 psf in 4Q2023.
