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

The real property is found a 9-minute walk from Tanjong Katong MRT Station, giving access to the Thompson-East Coast Line. It rests within 1km of Tanjong Katong Primary School, Tanjong Katong Secondary School, and Tanjong Katong Girls’ School.

The seven-bedroom bungalow also makes up a family room, living hall, formal dining room, staff quarters, and a parking space. It even has an outside tea yard, a koi pond, and a garden center. According to Knight Frank, brand-new expansions to the real estate are possible, subject to authorization.

Based resale information, the final negotiated bungalow in the spot was 759 Mountbatten Roadway which fetched $29 million (1,391 psf) when it was sold in April 2022. Knight Frank research indicates that the average rate of property landed real properties in District 15 has grown from $1,764 psf in 1Q2022 to $2,094 psf in 4Q2023.

Hillhaven condominium

A two-storey conserving bungalow around Mountbatten Roadway gets on the marketplace for $54.5 million, according to the marketing realtor Knight Frank.

“Very rarely does such an exceptional real property possessed by the same family for almost a hundred of years become offered available,” states Mary Sai, executive manager, resources markets, Knight Frank Singapore. She adds: “This conservation bungalow, that is unbelievably well preserved and located on a big plot dimension, is a trophy possession in the much-coveted East Coast location”.

The freehold heritage building in District 15 sits on a 32,052 sq ft corner plot around Mountbatten Road and Crescent Road. The guide price translates to a land price of $1,700 psf.

“This real estate is not just rich in historic worth, yet it’s inherent aesthetic allure resembles art; an unbelievable opportunity for a sophisticated purchaser to add an extraordinary real estate to their profile,” states Nicholas Keong, head of home and private office at Knight Frank Singapore.

Because of the overall size of the estate and double roadway frontage there are three gateways that help with entry, 2 near Mountbatten Road and one near Crescent Roadway. Originally installed 1851, the façade of the real estate reflects Colonial, Victorian and Art Deco industrial styles.

The tender for the sale finalizes on April 2.


error: Content is protected !!