999-Year Leasehold Residential Site In Kovan On Sale For $18 Million
A 9hundred 99 year on lease home spot at 48 Hillside Dr got offered by having an ideal amount of $Eighteen million or roughly $8hundred 55 per square ft on the location area, declared one and only advertising and marketing representative Edmund Tie.
Positioned inside the matured Kovan estate, the 1,955.2 square meter spot is sector for home usage in the 2K19 Master Plan with a land proportion of One point Four and even is possessed by simply a single home owner.
The marketing and advertising professional took note the fact that the residence is optimal as an expansive property of a high-flying person or a multi-generational household. It has the ability to as well be rebuilt in to different landed house forms alternatively as a boutique personal development with approximately 27 flat units averaging 100 sq m.
Simply a stone’s throw away to either Kovan MRT and Serangoon Mass Rapid Transit Interchange, the home is within reach via major rds together with expressway for instance Upp Serangoon Road, Yio Chu Kang Rd and also CTE.
It is similarly nearby eateries including supermarkets at NEX, Heartland Shopping Mall, Chomp and also MyVillage. Educational institutions such as Rosyth Sch, Zhonghua Primary School, IFS as well as AIS are similarly nearby.
” For a cost effective bite-sized quantum, including several redevelopment opportunities intended for the good location area, the home is going to appeal to a large range of potential developers,” shared Ms Swee, Executive Director of Investment Advisory at Edmund Tie.
” Other than home developers who will be intense to split the site in to a wide range of landed residences or reconstruct to a boutique condo creation, we likewise look ahead to attention coming from high-net-worth and more than a single generation households wanting to procure for their private occupancy.”
By having huge solo homeowner redevelopment parcels closely held, Shou Fern strongly believes the home “can probably is the last offered land procurable along Hillside Dr”.
The bidding for Forty Eight Hillside Drive wraps up on 23 March.