999-Year Leasehold Residential Site In Kovan On Sale For $18 Million
A 9hundred 99 yr on lease personal area at 48 Hillside Drive gets presented by having an ideal figure of $Eighteen mil or maybe approximately $855 psf on the spot space, disclosed only promotion representative Edmund Tie.
Located within the developed Kovan community, the 1thousand 9hundred 55.2 sq m spot is sectioned for personal benefit in the 2K19 Master Plan utilizing a land proportion of 1.4 also is held by a single property owner.
The marketing and advertising real estate agent noted the fact that the premises is optimal as a first-class home appropriate to a high-flying person or a more than a single generation household. It is able to also be reconstruct in to different landed home options or even being a boutique home development together with as much as 27 home units averaging a hundred square meter.
Just a stone’s fling away to both Kovan Mass Rapid Transit including Serangoon MRT Interchange, the premises is reachable through major roads including expressway specifically Upp Serangoon Road, YCK Rd as well as Central Expressway.
The place is additionally near dining establishments and also supermarkets at NEX, Heartland Mall, Chomp and even MyVillage. Educational institutions such as Rosyth School, Zhonghua Pri Sch, Int’l French School and also AIS are additionally in close proximity.
” For a reasonably priced low amount, plus several reconstructing chances for the well situated location, the premises will most likely invite a vast array of interested buyers,” pointed out Swee Shou Fern, Executive Director of Inv Advisory at Edmund Tie.
” Aside from housing real estate investors who will certainly be intense to redivide the location into different landed homes or redevelop in to a boutique home development, we likewise anticipate interest from more than a single generation families and high-flyer homes considering to obtain for their own occupancy.”
With huge sole homeowner rebuild lots firmly enjoyed, Shou Fern believes the property “may debatably is the final available parcel available for sale on Hillside Dr”.
The tender for Forty Eight Hillside Drive terminates on 23 Mar 2K21.