999-Year Leasehold Residential Site In Kovan On Sale For $18 Million
A 9hundred 99 yr on lease home site at Forty Eight Hillside Dr got presented utilizing a guide figure of $Eighteen mil on the other hand around $8hundred 55 per square ft on the site area, reported only advertising and marketing representative Edmund Tie.
Found within the mature Kovan neighbourhood, the 1,955.2 square meter site is zoned for personal utilization in the 2K19 Master Plan utilizing a land proportion of 1.4 also is possessed at the hand of a solo owner.
The promotion agent noted the fact that the property is appropriate as an expansive property or home appropriate to a multi-generational household or a wealthy person. It has the ability to potentially be redeveloped in to various landed home types or even as a boutique personal creation together with as many as Twenty-seven flat units evening out hundred sq meter.
At most a stone’s toss away to either Kovan Mass Rapid Transit and S’goon Mass Rapid Transit Transport Hub, the real estate is reachable through main roads including expressway such as Upp S’goon Rd, Yio Chu Kang Road and Central Expressway.
It is at the same time close-by eateries along with large groceries stores at NEX, Heartland Mall, Chomp Food Centre and MyVillage. Educational institutions such as Rosyth School, Zhonghua Primary School, IFS and Australian Int’l Sch are additionally nearby.
” For an inexpensive low sum, as well as different redevelopment chances with regard to the well-located spot, the real estate will certainly interest a selection of prospective customers,” claimed Swee Shou Fern, Executive Director of Inv Advisory at Edmund Tie.
” Apart from residential developers who will most likely be intense to redivide the location into a number of landed houses or redevelop into a boutique home development, we also expect passion coming from high-net-worth and multi-generational homes looking to buy for their own stay.”
With big single-owner redevelopment lands snugly maintained, Shou Fern trusts the title “may debatably be the remaining that can be found parcel up for sale along Hillside Dr”.
The tender for 48 Hillside Drive terminates on 23March 2K21.