Two-storey conservation bungalow along Mountbatten Road selling for $54.5 mil
The property is found a 9-minute stroll from Tanjong Katong MRT Terminal, offering access to the Thompson-East Coast Line. It positions within 1km of Tanjong Katong Primary School, Tanjong Katong High School, and Tanjong Katong Girls’ School.
The freehold ancestry property in District 15 remains on a 32,052 sq ft side plot around Mountbatten Road and Crescent Road. The guide cost translates to a land price of $1,700 psf.
The seven-bedroom home additionally makes up a family room, living hall, formal eating area, personnel quarters, and a parking space. It additionally has an outdoor tea garden, a koi fish pond, and a garden center. According to Knight Frank, brand-new expansions to the property are feasible, based on authorization.
A two-storey conserving bungalow near Mountbatten Road goes on the market for $54.5 million, according to the advertising and marketing realtor Knight Frank.
The tender for the sale finalizes on April 2.
“This building is not only rich in historic value, yet it’s intrinsic visual allure resembles fine art; an once-in-a-lifetime chance for a classy customer to include an extraordinary property to their profile,” states Nicholas Keong, head of residential and personal office at Knight Frank Singapore.
Based resell information, the very last negotiated bungalow in the area was 759 Mountbatten Roadway which yielded $29 million (1,391 psf) when it was offered in April 2022. Knight Frank research notes that the mean price of property landed properties in Area 15 has actually expanded from $1,764 psf in 1Q2022 to $2,094 psf in 4Q2023.
Because of the overall size of the estate and double roadway front there are 3 gateways that help with entrance, 2 along Mountbatten Roadway and one near Crescent Road. Originally constructed 1851, the frontage of the property reflects Colonial, Victorian and Art Deco architectural styles.
“Very seldom does such an exceptional real estate owned and operate by the very same family for almost a century become offered to buy,” states Mary Sai, executive manager, capital markets, Knight Frank Singapore. She adds: “This conservation home, that is unbelievably well maintained and located on a big plot size, is a trophy property in the much-coveted East Coast area”.
