Freehold Site At Mounbatten Road On Sale For $13mil
A free from hold residential site at 801 Mountbatten Rd in Area 15 has been put up for sale through EOI for a guide rate of $thirteen million.
It works out to around $1.2K per sq ft based upon the apartment’s 10.839K square foot acreage, disclosed restricted promotion and marketing rep Savills SG.
To be availabled on vacant furnishings, the area indulges in a 25m street building front by Mountbatten Rd along with an area deepness of about 37m.
Area for house, two-storey semi-detached benefit under the 2019 Master Plan, the property plot comes with a constant site configuration, enabling maximum style productivity.
Savills recorded that the site offers the versatility for being reconstruct into different landed real estate styles for instance a set of house or detached homes, a set of semi-d houses and also a bungalow, based on the approval of officials.
Located 350m from the future Tanjong Katong MRT station, the site is near schools such as TKGS, Tanjong Katong Pri Sch, Chung Cheng High School as well as Tanjong Katong Secondary School.
The location, the nearby community of which primarily makes up exclusive landed bungalows, is also close to PP shopping mall, i12 Katong along with the East Coast Rd shop houses.
“This furnishing is a great advantage for both clients and also real estate investors to secure a large free lease property plot within an affluent area, whereby there is constantly limited supply of free from hold and even regular format property landed rebuilt location within the land short SG available,” shared Yap Hui Yee, Dir of Investment Sales & Capital Markets at Savills SG.
“The underlying requirement for landed residential properties is still remarkably stable as several strong total assets people/ households are on the look for well situated landed residences offered the desirable long-lasting opportunity for this particular property type”, she added in.
The EOI exercise for 801 Mountbatten Rd wraps up on 12 January 2021.