A 999 year on lease household ground at Forty Eight Hillside Dr got presented by having a lead price of $18 million as an alternative around $855 per sq foot on the spot area, announced exclusive marketing specialist Edmund Tie.
Located among the mature Kovan community, the 1,955.2 sq m ground is sector for residential purpose under the 2K19 Master Plan with a PR of 1.4 also is maintained by simply a solo home owner.
The advertising real estate agent documented the fact that the residential property is perfect as a grand home of a high-flying individual or a more than 1 generation family. The real estate has the ability to additionally be redeveloped in to numerous landed property options or possibly as a boutique personal project with right up to 27 home units averaging a hundred square m.
Simply a stone’s fling away to the two Kovan MRT as well as Serangoon MRT Interchange, the real estate is accessible by main rds plus expressway such as Upp Serangoon Road, Yio Chu Kang Rd and also CTE.
It is at the same time neighboring restaurants plus large groceries stores at NEX, Heartland Mall, Chomp Food Centre along with MyVillage. Schools such as Rosyth Sch, Zhonghua Pri Sch, IFS as well as Australian Int’l School are likewise neighboring.
” By having a budget-friendly bite-sized sum, and multiple reconstructing choices regarding the favorable placement ground, the premises will most likely appeal to a vast array of potential developers,” thought Shou Fern, Executive Director of Inv Advisory at Edmund Tie.
” Aside from home real estate investors who will most likely be interested to split the ground into a wide range of landed residences or redevelop into a boutique residence creation, we similarly look ahead to enthusiasm coming from wealthy individuals and multi-generational households aiming to procure for their private stay.”
With huge single-owner redevelopment lands closely kept, Ms Swee strongly believes the residential property “may arguably is the remaining that can be found parcel to buy along Hillside Dr”.
The bidding for Forty Eight Hillside Drive concludes on 23March 2021.