Two-storey conservation bungalow along Mountbatten Road selling for $54.5 mil
The seven-bedroom home additionally makes up a living room, living hall, formal eating space, personnel quarters, and a parking space. It additionally has an exterior tea garden, a koi fish pond, and a garden center. According to Knight Frank, brand-new extensions to the property are possible, subject to authorization.
“This building is not just rich in historic value, yet it’s inherent visual charm is like art; an unique chance for a sophisticated buyer to add an extraordinary property to their portfolio,” states Nicholas Keong, head of non commercial and private office at Knight Frank Singapore.
Based resell information, the very last negotiated cottage in the area was 759 Mountbatten Roadway which fetched $29 million (1,391 psf) when it was marketed in April 2022. Knight Frank research indicates that the median cost of freehold landed properties in Area 15 has grown from $1,764 psf in 1Q2022 to $2,094 psf in 4Q2023.
The freehold heritage building in District 15 remains on a 32,052 sq ft corner plot along Mountbatten Road and Crescent Road. The overview price equates to a land charge of $1,700 psf.
Due to the size of the estate and double road frontage there are three gateways that help with access, 2 along Mountbatten Roadway and one near Crescent Road. Originally installed 1851, the frontage of the building mirrors Colonial, Victorian and Art Deco building designs.
The real estate is positioned a 9-minute stroll from Tanjong Katong MRT Terminal, giving accessibility to the Thompson-East Coast Line. It rests within 1km of Tanjong Katong Primary School, Tanjong Katong High School, and Tanjong Katong Girls’ School.
“Very rarely does such a distinct property had by the similar family for nearly a hundred of years become available up for sale,” claims Mary Sai, executive manager, resources markets, Knight Frank Singapore. She adds: “This conservation home, that is extremely well preserved and situated on a large plot measurements, is a trophy property in the much-coveted East Coast place”.
A two-storey conserving bungalow along Mountbatten Roadway goes on the market for $54.5 million, according to the marketing realtor Knight Frank.
The tender for the sale closes on April 2.
