A 999-year leasehold residential site at 48 Hillside Drive Sale For $18 Million

A 999-year leasehold residential site at 48 Hillside Drive has actually been offered with a guide price of $18 million or about $855 per sq ft (psf) on the website location, disclosed single marketing representative Edmund Tie.

Situated within the fully-grown Kovan estate, the 1,955.2 sq m (21,046 sq ft) site is zoned for household usage under the 2019 Plan of attack with a story ratio of 1.4 and also is held by a solitary owner.

The advertising agent kept in mind that the property is suitable as a grand home of a high-net-worth person or a multi-generational family. It can additionally be redeveloped into various landed real estate kinds or as a boutique property development with approximately 27 apartment systems averaging 100 sq m.

Simply a stone’s get rid of to both Kovan MRT as well as Serangoon MRT Interchange, the residential property comes by means of significant roads and expressway such as Upper Serangoon Roadway, Yio Chu Kang Roadway, and also Central Expressway.

It is likewise near dining establishments and also grocery stores at NEX, Heartland Shopping Mall, Chomp Food Centre, and also MyVillage. Schools such as Rosyth School, Zhonghua Primary School, International French College as well as Australian International College are likewise close by.

” With an affordable bite-sized quantum, as well as numerous redevelopment possibilities for the well-located website, the building will attract a vast array of prospective buyers,” claimed Swee Shou Brush, Exec Supervisor of Investment Advisory at Edmund Connection.

” Besides household programmers who will be eager to partition the site into multiple landed houses or redevelop right into a boutique home growth, we also expect interest from high-net-worth as well as multi-generational families wanting to purchase for their very own remain.”

With big single-owner redevelopment stories tightly held, she thinks the building “may perhaps be the last readily available plot for sale along Hillside Drive”.

The tender for 48 Hillside Drive closes on 23 March.

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