A freehold residential area at 801 Mountbatten Road in Area 15 was offered by using EOI for a lead rate of $13 mil.
This formulates to approximately $1,199 per square foot based upon the residence’s 10.839 thousand square foot acreage, disclosed exceptional advertising agent Savills SG.
Being sold on bare ownership, the site experiences a 25 meters road frontage by Mountbatten Rd along with a piece deepness of about 37 meters.
Region for residential, 2 level semi-detached utilization under the ’19 Master Plan, the ground area features a consistent area arrangement, taking into account maximum design capability.
Savills considered that the ground offers the versatility for being reconfiguration into a range of landed house types for example, a pair of bungalows or detached properties, a pair of semi-d homes and also a bungalow, based on the authorization of authorities.
Situated three hundred and fifty meters from the coming Tanjong Katong MRT terminal, the site is near colleges such as TKGS, Tj Katong Primary School, Chung Cheng High Sch and Tj Katong Secondary Sch.
The area, the nearby neighborhood of which mostly consists of reserved ground bungalows, is likewise in close proximity to PP shopping mall, i12 Katong and the East Coast Rd shop houses.
“This offering is a great benefit for the two developers plus end-users to obtain a substantial free from hold land area within an upper class district, whereby there is often restricted amount of free from hold and also consistent format non commercial landed rebuilt site within the land short SG offer for sale,” mentioned Ms Yap, Director of Investment Sales & Capital Markets at Savills SG.
“The underlying need for landed residences continues being relatively strong as lots of high assets individuals/ families are on the hunt for ideally positioned landed buildings given the favorable permanent expectation for this asset type”, she included.
The EOI operation for 801 Mountbatten Rd seals on 12 January 2021.