SLA awards tender for Moulmein Road site to Country City Investment
Country City Investment’s quote of $388,800 in a month rental fee for 2 Moulmein Road is 1.78% greater than the second-highest bid of $382,000 monthly, that emerged from Cherryloft Resorts and Hotels.
In a Dec 8 launch, Country City Investment states it prepares to revive the real property with considerate flexible recycle and activation of the site’s heritage forms and open areas. “Our hope is to protect the ancestry of the estate whilst changing it right into an area where customers from all profession can gather up, discover and feel comfortable, from eating out and health to knowing, play and a curated retail offering,” states Dylan Soh, business growth supervisor at Nation City Investment.
The tender for the Moulmein Road area shut off in August this year, attracting 13 quotes. Country City Investment became the leading prospective buyer, with a leasing quote of $388,800 each month. The master use is for a five-year term with the alternative to restore for one more 4 years.
Situated near the Novena space, the site has an acreage of 985,350 sq ft. Initially built in 1913 as the Middleton Medical facility, the location later on developed right into the Transmittable Conditions Facility. The place was actually shut in 2018 when the National Centre for Contagious Diseases was relocated to a brand-new place inside Tan Tock Seng Health Center. It stayed with Tan Tock Seng Medical Facility up until it was gone back to the state in 2023. It is just within strolling range of the Novena MRT Terminal.
The renewed real property is going to consist of thematic areas created for various age and activities, dining establishments and coffee shops, sporting activities and health establishments, enrichment and discovering rooms, and pet-friendly locations. “We are developing a location that honors traditions, advocates sustainability, and provides significant expertises for citizens and guests similarly,” includes Soh. It is register to start in 1Q2027.
The Singapore Land Authority (SLA) has already granted the tender for a collection of heritage real properties at 2 Moulmein Roadway. The master occupancy for the place, that consists of over 40 structures with an overall gross floor location (GFA) of roughly 139,700 sq ft, was granted to Country City Investment.
SLA had already started the rate and quality tender for the spot in May 2025. The tender listed a range of accepted usages for the area, entailing co-living spots, health, fitness, pet-friendly services, art gallery, and scholastic plans, to name a few. Around 41,900 sq ft of GFA could be allocated for F&B and retail usages, with F&B usage capped at around 20,956 sq ft.
Country City Investment is a Singapore-based property developer best recognized for producing the Dempsey Hillside way of living enclave. In 2006, the business was granted the SLA tenders for 2 spots at Dempsey Roadway and Dempsey Hillside, in which it changed right into a lifestyle and leisure cluster with dining establishments, retail and entertainment offers that started in 2007.
