999-Year Leasehold Residential Site In Kovan On Sale For $18 Million
A Nine hundred Ninety-nine year on lease household area at Forty Eight Hillside Drive got put up for sale by having a pilot cost of $Eighteen million as an alternative roughly $8hundred 55 per sq ft on the location area, shared one and only advertising and marketing real estate agent Edmund Tie.
Found among the mature Kovan estate, the 21,046 square ft ground is sectioned for residential use within the 2K19 Master Plan utilizing a plot proportion of One point Four and also is secured at the hand of a sole property owner.
The promotion and marketing agent took note the fact that the real estate is suitable as a majestic residency appropriate to a wealthy individual or a more than 1 generation family members. The estate can further be rebuilt into several landed accomodation types or possibly as a boutique housing project by having right up to 27 home units equating a hundred sq meter.
At most a stone’s flip away to both Kovan MRT and also S’goon MRT Transport Hub, the home is easy to get to by means of significant roads plus expressway for instance Upper S’goon Road, Yio Chu Kang Road as well as Central Expressway.
It is at the same time close to restaurants and grocery stores at NEX, Heartland Mall, Chomp Food Centre together with MyVillage. Schools such as Rosyth School, Zhonghua Pri School, International French Sch as well as Australian Int’l School are also in close proximity.
” By having an affordable low quantum, plus different redevelopment options regarding the well situated area, the property will attract a wide variety of possible developers,” shared Ms Swee, Executive Director of Inv Advisory at Edmund Tie.
” Aside from residence real estate investors who will most likely be keen to split the ground into a number of landed houses or rebuilt in to a boutique home creation, our team additionally expect excitement from multi-generational and wealthy families seeking to purchase for their own stay.”
With large single-owner rebuild parcels tightly secured, Shou Fern believes the residential property “might just probably be the final offered land up for sale along Hillside Dr”.
The offer for Forty Eight Hillside Drive wraps up on 23Mar 2021.