Two-storey conservation bungalow along Mountbatten Road selling for $54.5 mil
As a result of the overall size of the estate and dual road frontage there are 3 gateways that help with entrance, 2 throughout Mountbatten Roadway and one near Crescent Roadway. Initially constructed 1851, the frontage of the real estate reflects Colonial, Victorian and Art Deco architectural styles.
A two-storey conservation bungalow around Mountbatten Road goes on the market for $54.5 million, according to the marketing broker Knight Frank.
“This real estate is not just rich in historic worth, however it’s inherent visual allure is like artwork; an unique possibility for a sophisticated customer to add an extraordinary real estate to their profile,” claims Nicholas Keong, head of non commercial and private workplace at Knight Frank Singapore.
The tender for the sale finalizes on April 2.
The real estate is found a 9-minute walk from Tanjong Katong MRT Terminal, offering access to the Thompson-East Coast Line. It rests within 1km of Tanjong Katong Primary School, Tanjong Katong High School, and Tanjong Katong Girls’ School.
“Very rarely does such a distinct real estate had by the very same family for close to a century become readily available for sale,” says Mary Sai, executive supervisor, funding markets, Knight Frank Singapore. She adds: “This conservation home, that is incredibly well maintained and situated on a big plot measurements, is a prize asset in the much-coveted East Coast area”.
The freehold heritage building in District 15 sits on a 32,052 sq ft side plot along Mountbatten Road and Crescent Road. The overview price equates to a land price of $1,700 psf.
The seven-bedroom home additionally comprises a family room, living hall, formal eating area, team quarters, and a carport. It additionally has an outdoor tea yard, a koi fish pond, and a nursery. According to Knight Frank, brand-new extensions to the real estate are possible, subject to approval.
Based resell information, the last transacted cottage in the area was 759 Mountbatten Roadway which fetched $29 million (1,391 psf) when it was offered in April 2022. Knight Frank research notes that the mean rate of freehold landed real properties in District 15 has expanded from $1,764 psf in 1Q2022 to $2,094 psf in 4Q2023.
