Freehold Site At Mounbatten Road On Sale For $13mil
A freehold property ground at 801 Mountbatten Road in District 15 has been offered using Expression of Interest along with a starting rate of $thirteen million.
It works out to roughly $1,199 psf based on the property’s 10.839 thousand square foot acreage, disclosed restricted promotion and marketing agent Savills Singapore.
Being sold on uninhabited furnishings, the ground enjoys a twenty-five meters road frontage on Mountbatten Rd alongside a plot deepness of approximately 37m.
Sector for property, 2 floor semi-detached purpose under the 2019 Master Plan, the ground area offers an uniform site arrangement, taking into account optimum design effectiveness.
Savills kept in mind this particular ground furnishes the flexibility to be rebuilt into several landed housing types such as a couple of house or detached houses, a set of semi-d residences and also a bungalow, based on the validation of authorities.
Located three hundred and fifty meters from the upcoming Tanjong Katong Mass Rapid Transit station, the location is near educational institutions such as Tanjong Katong Girls’ School, Tanjong Katong Primary Sch, Chung Cheng High School as well as Tanjong Katong Sec School.
The ground, the proximate neighborhood of which mainly consists of private landed houses, is also around PP shopping mall, i12 Katong in addition to the East Coast Rd shop houses.
“This particular furnishing is an outstanding prospect for these planners plus buyers to secure a sizeable free lease ground plot among an affluent district, in which there is often controlled quantity of free lease and even standard layout residential landed reconfiguration area within the property short S’pore to buy,” explained Ms Yap, Director of Inv Sales & Capital Markets at Savills SG.
“The hiding interest for landed residences continues to be rather steady as lots of high net worth individuals/ households are continuously on the look for well positioned landed residential properties presented the favorable extended overview for this particular property classification”, she continued.
The Expression of Interest operation for 801 Mountbatten Rd closes on 12Jan 21.