Freehold Site At Mounbatten Road On Sale For $13mil
A freehold housing ground at 801 Mountbatten Road in District 15 was offered by Expression of Interest along with a lead cost of $13 mil.
The value works out to approximately $1,199 per sq ft based upon the residence’s 10.839 thousand square foot acreage, published privileged marketing agent Savills SG.
Being availabled on uninhabited possession, the site appreciates a 25 meters path frontage on Mountbatten Road together with a plot depth of roughly 37 meters.
Zoned for housing, 2 storey semi-detached usage under the 2019 Master Plan, the ground area contains a consistent ground configuration, taking into account optimum creation performance.
Savills kept in mind this particular site furnishes the adaptability to get rebuilt into various landed house kinds like a set of bungalows or detached properties, a couple of semi-detached properties and even a bungalow, dependent on the consent of officials.
Located 350m from the future Tanjong Katong MRT terminal, the location is near schools such as Tanjong Katong Girls’ School, Tj Katong Pri Sch, Chung Cheng High Sch as well as Tj Katong Sec School.
The location, the nearby community of which mostly makes up exclusive ground houses, is additionally near PP shopping mall, i12 Katong and even the East Coast Rd shophouses.
“This furnishing is an outstanding prospect for these property developers and clients to get a significant free from hold ground plot located in an affluent district, in which there is always limited source of free from hold and even ordinary design residential landed reconstruct location within the land rare SG for sale,” shared Yap Hui Yee, Director of Inv Sales & Capital Markets at Savills SG.
“The hiding need for landed properties continues being pretty steady as plenty of high assets people/ households are continuously on the look for well-located landed residences presented the desirable long-lasting overview for this specific asset category”, she added in.
The EOI movement for 801 Mountbatten Rd finalizes on 12Jan 21.