999-Year Leasehold Residential Site In Kovan On Sale For $18 Million
A Nine hundred Ninety-nine year leasehold non commercial area at 48 Hillside Drive was put up for sale by having a guide asking price of $Eighteen million or maybe around $8hundred 55 per square ft on the site space, communicated one and only marketing and advertising professional Edmund Tie.
Positioned within the developed Kovan estate, the 1,955.2 square m location is sectioned for household benefit under the 2K19 Master Plan utilizing a land proportion of One point Four and is held by simply a singular proprietor.
The promotion agent noted that the premises is perfect as an expansive property of a more than 1 generation home or a wealthy person. It can possibly in addition be redeveloped into several landed house styles or even being a boutique personal creation with as much as Twenty-seven apartment units evening out one hundred sq m.
Simply a stone’s fling away to both Kovan MRT along with S’goon Mass Rapid Transit Interchange, the title is approachable with main roads along with highway for instance Upp S’goon Road, Yio Chu Kang Road and also Central Expressway.
The place is similarly around F&Bs as well as grocery stores at NEX, Heartland Shopping Mall, Chomp Food Centre also MyVillage. Schools such as Rosyth School, Zhonghua Pri Sch, Int’l French School as well as AIS are likewise close by.
” With a budget-friendly low amount, plus many types of reconstructing choices for the well situated spot, the title is going to invite a vast array of potential developers,” pointed out Swee Shou Fern, Executive Director of Investment Advisory at Edmund Tie.
” Other than residence real estate investors who are going to be keen to subdivide the location to numerous landed homes or reconstruct in to a boutique apartment development, our team furthermore look forward to curiosity coming from high-net-worth and more than a single generation family members planning to procure for their private occupancy.”
With large solo home owner redevelopment plots closely secured, Ms Swee feels the estate “might just debatably be the last offered land offer for sale along Hillside Drive”.
The tender for Forty Eight Hillside Drive ends on 23Mar ’21.