Working out to around $1,199 per sq ft (psf) based on the property’s 10,839 sq ft land area, the site offers the flexibility to be redeveloped into various landed housing types such as a pair of bungalows or detached houses. Image: Google Street View
A freehold residential site at 801 Mountbatten Road in District 15 has been put up for sale via expression of interest (EOI) with a guide price of $13 million.
This works out to around $1,199 per sq ft (psf) based on the property’s 10,839 sq ft land area, revealed exclusive marketing agent Savills Singapore.
To be sold on vacant possession, the site enjoys a 25 meters road frontage along Mountbatten Road as well as a plot depth of about 37 meters.
Zoned for residential, two-storey semi-detached use under the 2019 Master Plan, the land plot features a regular site configuration, allowing for maximum design efficiency.
Savills noted that the site offers the flexibility to be redeveloped into various landed housing types such as a pair of bungalows or detached houses, a pair of semi-detached houses and a bungalow, subject to the approval of authorities.
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Located 350 meters from the upcoming Tanjong Katong MRT station, the site is near educational institutions such as Tanjong Katong Girls’ School, Tanjong Katong Primary School, Chung Cheng High School as well as Tanjong Katong Secondary School.
The site, the immediate neighbourhood of which predominantly comprises private landed bungalows, is also near Parkway Parade, i12 Katong as well as the East Coast Road shophouses.
“This offering is an exceptional opportunity for both end-users and developers to acquire a sizeable freehold land plot within an affluent district, where there is always limited supply of freehold and regular layout residential landed redevelopment site within the land scarce Singapore for sale,” said Yap Hui Yee, Director of Investment Sales & Capital Markets at Savills Singapore.
“The underlying demand for landed homes remains relatively strong as many high net worth individuals / families are on the prowl for well-located landed properties given the positive long-term outlook for this asset class”, she added.
The EOI exercise for 801 Mountbatten Road closes on 12 January 2021.