999-Year Leasehold Residential Site In Kovan On Sale For $18 Million
A 9hundred 99 year on lease personal location at 48 Hillside Drive has been offered utilizing a minimum cost of $18 mil or maybe around $855 per square ft on the spot area, declared sole advertising representative Edmund Tie.
Positioned within the older Kovan neighbourhood, the 21,046 sq ft site is sectioned for home purpose under the 2019 Master Plan with a PR of One point Four and also is possessed via a solitary property owner.
The promotion and marketing specialist indicated that the house is excellent as a luxurious residence belonging to a high-flying individual or a more than 1 generation family. The real estate can possibly in addition be reconstruct in to a number of landed housing varieties or possibly as a boutique non commercial project along with up to 27 residence units equating a hundred square m.
Just a stone’s throw away to either Kovan Mass Rapid Transit including S’goon Mass Rapid Transit Interchange, the residential property is accessible via main rds and also highway like Upper Serangoon Road, YCK Road and also CTE.
The spot is also neighboring dining establishments together with grocery stores at NEX, Heartland Mall, Chomp Food Centre including MyVillage. Schools such as Rosyth School, Zhonghua Primary Sch, IFS and also AIS are similarly neighboring.
” By having an inexpensive bite-sized quantum, including a range of redevelopment choices for the well situated area, the real estate will tempt a variety of interested customers,” said Ms Swee, ED of Inv Advisory at Edmund Tie.
” Apart from housing builders who will most likely be interested to split the spot in to a wide range of landed homes or rebuilt to a boutique residence development, our team furthermore expect passion coming from high-flyer and multi-generational homes considering to purchase for their personal stay.”
By having large single-owner reconstruct lands snugly secured, Ms Swee thinks the real estate “might arguably be the final that can be found land available along Hillside Dr”.
The tender for 48 Hillside Dr discontinues on 23Mar 2021.