Two-storey conservation bungalow along Mountbatten Road selling for $54.5 mil
Based resale information, the final transacted bungalow in the spot was 759 Mountbatten Road which brought $29 million (1,391 psf) when it was marketed in April 2022. Knight Frank research notes that the average cost of freehold landed real properties in Area 15 has actually increased from $1,764 psf in 1Q2022 to $2,094 psf in 4Q2023.
The tender for the sale closes up on April 2.
As a result of the dimension of the estate and dual roadway front there are 3 gateways that facilitate entrance, 2 near Mountbatten Roadway and one around Crescent Roadway. Initially constructed 1851, the frontage of the building reflects Colonial, Victorian and Art Deco building styles.
“Very seldom does such a distinct property had by the very same family for close to a century become available to buy,” claims Mary Sai, executive supervisor, capital markets, Knight Frank Singapore. She includes: “This preservation home, which is extremely well kept and located on a large plot size, is a trophy possession in the much-coveted East Coast area”.
The real property is situated a 9-minute stroll from Tanjong Katong MRT Terminal, offering access to the Thompson-East Coast Line. It rests throughout 1km of Tanjong Katong Primary School, Tanjong Katong Secondary School, and Tanjong Katong Girls’ School.
The seven-bedroom home also makes up a living room, living hall, formal dining space, personnel quarters, and a parking space. It additionally has an outside tea garden, a koi pond, and a nursery. According to Knight Frank, new extensions to the property are possible, based on approval.
“This real estate is not only rich in historic worth, but it’s inherent visual allure resembles artwork; an unique chance for a classy customer to include an amazing property to their portfolio,” states Nicholas Keong, head of home and personal workplace at Knight Frank Singapore.
The freehold ancestry property in District 15 sits on a 32,052 sq ft edge plot along Mountbatten Road and Crescent Road. The overview rate equates to a land rate of $1,700 psf.
A two-storey conservation bungalow along Mountbatten Roadway goes on the market for $54.5 million, according to the advertising and marketing realtor Knight Frank.