Two-storey conservation bungalow along Mountbatten Road selling for $54.5 mil
The freehold heritage building in District 15 rests on a 32,052 sq ft edge plot throughout Mountbatten Road and Crescent Road. The guide cost translates to a land rate of $1,700 psf.
A two-storey conservation bungalow near Mountbatten Road gets on the market for $54.5 million, according to the marketing agent Knight Frank.
The real property is positioned a 9-minute walk from Tanjong Katong MRT Terminal, providing accessibility to the Thompson-East Coast Line. It positions throughout 1km of Tanjong Katong Primary School, Tanjong Katong High School, and Tanjong Katong Girls’ School.
The tender for the sale closes up on April 2.
Because of the overall size of the estate and double road frontage there are three entrances that facilitate entrance, 2 throughout Mountbatten Road and one near Crescent Roadway. Initially built in 1851, the façade of the building mirrors Colonial, Victorian and Art Deco architectural styles.
“Very rarely does such an unique property owned and operate by the similar family for close to a hundred of years become offered available,” states Mary Sai, executive manager, capital markets, Knight Frank Singapore. She adds: “This conservation home, which is unbelievably well preserved and positioned on a huge plot measurements, is a trophy asset in the much-coveted East Coast location”.
“This property is not only rich in historic worth, however it’s intrinsic visual appeal resembles artwork; an once-in-a-lifetime opportunity for a high-end purchaser to include an extraordinary real estate to their portfolio,” states Nicholas Keong, head of non commercial and exclusive office at Knight Frank Singapore.
Based resell data, the last negotiated cottage in the place was 759 Mountbatten Road which brought $29 million (1,391 psf) when it was offered in April 2022. Knight Frank research indicates that the typical price of property landed estates in District 15 has actually grown from $1,764 psf in 1Q2022 to $2,094 psf in 4Q2023.
The seven-bedroom home even comprises a living room, living hall, formal eating room, team quarters, and a parking space. It also has an outdoor tea garden, a koi pond, and a greenhouse. According to Knight Frank, brand-new extensions to the real estate are possible, based on approval.
