999-Year Leasehold Residential Site In Kovan On Sale For $18 Million
A 999 yr on lease housing location at Forty Eight Hillside Drive was submitted with a pilot figure of $18 mil or maybe around $855 per sq foot on the location area, disclosed exclusive promotion and marketing representative Edmund Tie.
Located within the mature Kovan estate, the 1,955.2 square m location is sector for household utilization under the 2K19 Master Plan utilizing a PR of One point Four and even is possessed at the hand of a singular homeowner.
The marketing and advertising specialist indicated the fact that the house is perfect as an expansive home belonging to a wealthy person or a multi-generational family members. The home has the ability to additionally be rebuilt into several landed home options or possibly as a boutique home project by having as much as 27 house units averaging 100 sq meter.
Only a stone’s throw away to the two Kovan Mass Rapid Transit also Serangoon Mass Rapid Transit Interchange, the property is accessed through significant rds together with expressway specifically Upper Serangoon Road, YCK Rd and CTE.
The site is furthermore close-by eateries as well as supermarkets at NEX, Heartland Mall, Chomp also MyVillage. Educational institutions such as Rosyth Sch, Zhonghua Primary Sch, International French School and Australian International School are equally neighboring.
” For an inexpensive low amount, and also several redevelopment prospects for the great positioned location, the premises is going to appeal to a vast array of interested investors,” said Ms Swee, Executive Director of Investment Advisory at Edmund Tie.
” Aside from housing developers who will be keen to partition the location into numerous landed houses or redevelop in to a boutique home project, we similarly expect interest coming from more than a single generation families and high-net-worth homes wanting to purchase for their own occupancy.”
By having big single-owner rebuild plots firmly owned, Ms Swee strongly believes the residential property “may arguably is the final that can be found parcel to buy along Hillside Dr”.
The tender for 48 Hillside Drive terminates on 23 March 2K21.