SLA awards tender for Moulmein Road site to Country City Investment
Country City Investment is a Singapore-based realty developer best recognized for developing the Dempsey Hillside way of life enclave. In 2006, the business was granted the SLA tenders for 2 spots at Dempsey Roadway and Dempsey Hillside, that it changed right into a lifestyle and leisure cluster with dining establishments, retail and entertainment offers that started in 2007.
SLA had actually opened the rate and quality tender for the spot in May 2025. The tender indicated a range of accepted usages for the area, entailing co-living slots, health, fitness and health, pet-friendly services, art gallery, and scholastic plans, and many more. Approximately 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.
Found 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 Center. The place was actually closed up in 2018 when the National Centre for Contagious Diseases was relocated to a brand-new place inside Tan Tock Seng Healthcare Facility. It stayed with Tan Tock Seng Healthcare Facility up until it was gone back to the state in 2023. It is just within strolling range of the Novena MRT Terminal.
The Singapore Land Authority (SLA) has already allocated the tender for a collection of heritage real properties at 2 Moulmein Roadway. The master occupancy for the place, that consists of over 40 facilities with an overall gross floor location (GFA) of about 139,700 sq ft, was granted to Country City Investment.
In a Dec 8 launch, Country City Investment claims it intends to revive the real estate with considerate flexible recycle and activation of the site’s heritage designs and open areas. “Our hope is to maintain the history of the estate whilst changing it right into a location where individuals from all profession can gather up, discover and feel comfortable, from eating out and health to understanding, play and a curated retail offering,” states Dylan Soh, business property development executive at Nation City Investment.
Country City Investment’s quote of $388,800 in a month rental fee for 2 Moulmein Road is 1.78% more than the second-highest bid of $382,000 each month, that originated from Cherryloft Resorts and Hotels.
The tender for the Moulmein Road area shut off in August this year, attracting 13 proposals. Country City Investment became the leading prospective buyer, with a leasing quote of $388,800 monthly. The master contract is for a five-year term with the alternative to restore for one more 4 years.
The renewed building is going to consist of thematic areas made for various age and activities, dining establishments and coffee shops, sporting activities and health centers, enrichment and discovering rooms, and pet-friendly locations. “We are developing a place that honors traditions, advocates sustainability, and provides significant expertises for locals and guests similarly,” includes Soh. It is register to start in 1Q2027.
