Two-storey conservation bungalow along Mountbatten Road selling for $54.5 mil

A two-storey conserving bungalow near Mountbatten Roadway is on the market for $54.5 million, according to the marketing broker Knight Frank.

Due to the dimension of the estate and double roadway front there are three entrances that assist in entrance, 2 along Mountbatten Road and one along Crescent Road. Originally installed 1851, the frontage of the property shows Colonial, Victorian and Art Deco building styles.

The freehold heritage building in District 15 rests on a 32,052 sq ft side plot throughout Mountbatten Road and Crescent Road. The overview cost converts to a land rate of $1,700 psf.

Based resell information, the very last negotiated cottage in the place was 759 Mountbatten Road which brought $29 million (1,391 psf) when it was marketed in April 2022. Knight Frank research notes that the median cost of estate landed real properties in District 15 has actually increased from $1,764 psf in 1Q2022 to $2,094 psf in 4Q2023.

The seven-bedroom bungalow additionally consists of a family room, living hall, formal dining room, team quarters, and a carport. It additionally has an outside tea yard, a koi pond, and a greenhouse. According to Knight Frank, brand-new expansions to the real estate are feasible, subject to authorization.

The tender for the sale closes on April 2.

The real estate is situated a 9-minute stroll from Tanjong Katong MRT Terminal, providing accessibility to the Thompson-East Coast Line. It rests within 1km of Tanjong Katong Primary School, Tanjong Katong Secondary School, and Tanjong Katong Girls’ School.

“Very seldom does such an unique real property owned by the very same family for nearly a century become offered offer for sale,” says Mary Sai, executive supervisor, resources markets, Knight Frank Singapore. She includes: “This conservation home, which is extremely well preserved and positioned on a big plot dimension, is a trophy possession in the much-coveted East Coast area”.

“This building is not just rich in historic worth, yet it’s innate visual appeal resembles artwork; an unique possibility for a sophisticated purchaser to add an amazing property to their portfolio,” says Nicholas Keong, head of non commercial and private workplace at Knight Frank Singapore.

Kassia Condo floor plan

error: Content is protected !!