999-Year Leasehold Residential Site In Kovan On Sale For $18 Million
A Nine hundred Ninety-nine year on lease housing spot at Forty Eight Hillside Drive gets put up for sale utilizing an ideal rate of $18 million or around $8hundred 55 psf on the spot area, reported exclusive marketing representative Edmund Tie.
Positioned in the developed Kovan community, the 1,955.2 square meter location is sector for personal utilization in the 2K19 Master Plan utilizing a land ratio of One point Four also is possessed by an exclusive home owner.
The marketing representative noticed the fact that the residence is appropriate as a first-class residence of a more than a single generation home or a wealthy person. It has the ability to further be rebuilt into various landed accomodation options or even as a boutique residential project by having as many as Twenty-seven home units averaging one hundred sq meter.
At most a stone’s flip away to the two Kovan MRT also Serangoon Mass Rapid Transit Interchange, the estate is accessible by means of significant roads along with expressway specifically Upp Serangoon Rd, Yio Chu Kang Rd as well as Central Expressway.
It is similarly close-by F&Bs along with supermarkets at NEX, Heartland Shopping Mall, Chomp Food Centre including MyVillage. Educational institutions such as Rosyth School, Zhonghua Pri Sch, IFS and also Australian International School are similarly close by.
” Utilizing an affordable low quantum, along with a range of reconstructing prospects with regard to the well situated area, the title will certainly invite a wide range of potential prospective buyers,” claimed Swee Shou Fern, Executive Director of Inv Advisory at Edmund Tie.
” Besides residence developers who are going to be intense to split the area in to plenty of landed residences or rebuilt in to a boutique home project, we also foresee curiosity coming from multi-generational and wealthy family members looking to purchase for their personal living.”
With big single-owner rebuild lots tightly enjoyed, Ms Swee feels the title “might probably be the last that can be found land up for sale on Hillside Dr”.
The tender for 48 Hillside Drive wraps up on 23 March.