SLA awards tender for Moulmein Road site to Country City Investment
The tender for the Moulmein Road area shut off in August this year, inviting 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.
Country City Investment’s quote of $388,800 in a month lease for 2 Moulmein Road is 1.78% greater than the second-highest bid of $382,000 each month, that originated from Cherryloft Resorts and Hotels.
Country City Investment is a Singapore-based realty developer best understood 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, that it improved right into a lifestyle and leisure cluster with dining establishments, retail and leisure services that kicked off in 2007.
The renewed building is going to consist of thematic areas developed for various age and attractions, dining establishments and coffee shops, sporting activities and health centers, enrichment and discovering areas, and pet-friendly locations. “We are constructing a venue that honors traditions, advocates sustainability, and provides significant expertises for homeowners and guests as well,” includes Soh. It is register to start in 1Q2027.
SLA had actually released the rate and quality tender for the spot in May 2025. The tender indicated a selection of authorized usages for the place, consisting of co-living slots, health, fitness, pet-friendly services, art gallery, and scholastic programs, 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.
Situated near the Novena part, the site has an acreage of 985,350 sq ft. Initially built in 1913 as the Middleton Medical facility, the website later on progressed right into the Transmittable Conditions Center. The place was actually shut in 2018 when the National Centre for Contagious Diseases was transferred to a brand-new place just within Tan Tock Seng Medical Facility. It continued to be with Tan Tock Seng Health Center up until it was gone back to the state in 2023. It is just within strolling range of the Novena MRT Stop.
The Singapore Land Authority (SLA) has recently allocated the tender for a collection of heritage real estates at 2 Moulmein Roadway. The master occupancy for the place, that makes up over 40 establishments with an overall gross floor location (GFA) of roughly 139,700 sq ft, was handed out to Country City Investment.
In a Dec 8 launch, Country City Investment states it intends to revive the real property via considerate flexible recycle and activation of the site’s heritage designs and open areas. “Our hope is to maintain the ancestry of the estate whilst changing it right into a location where customers from all profession can get together, discover and feel comfortable, from eating out and health to knowing, play and a curated retail offering,” states Dylan Soh, business growth executive at Nation City Investment.
