Two-storey conservation bungalow along Mountbatten Road selling for $54.5 mil
The seven-bedroom bungalow even comprises a living room, living hall, formal dining area, staff quarters, and a garage. It even has an exterior tea garden, a koi fish pond, and a greenhouse. According to Knight Frank, brand-new extensions to the real estate are feasible, based on authorization.
As a result of the dimension of the estate and dual roadway front there are three gateways that assist in entrance, two along Mountbatten Road and one around Crescent Road. Initially built in 1851, the frontage of the property mirrors Colonial, Victorian and Art Deco architectural designs.
Based resale data, the very last negotiated cottage in the place was 759 Mountbatten Road which yielded $29 million (1,391 psf) when it was marketed in April 2022. Knight Frank research indicates that the average price of estate landed estates in District 15 has actually increased from $1,764 psf in 1Q2022 to $2,094 psf in 4Q2023.
Marina View Residences Singapore
“Very not often does such an exceptional real estate owned and operate by the similar family for nearly a century become readily available offer for sale,” claims Mary Sai, executive manager, funding markets, Knight Frank Singapore. She includes: “This preservation home, that is exceptionally well maintained and situated on a big plot dimension, is a prize possession in the much-coveted East Coast location”.
A two-storey conservation bungalow near Mountbatten Road goes on the market for $54.5 million, according to the marketing agent Knight Frank.
“This real estate is not just rich in historic value, however it’s innate aesthetic allure resembles artwork; an unbelievable chance for a high-end purchaser to include an amazing house to their profile,” states Nicholas Keong, head of home and personal office at Knight Frank Singapore.
The property is found a 9-minute stroll from Tanjong Katong MRT Terminal, providing access to the Thompson-East Coast Line. It sits throughout 1km of Tanjong Katong Primary School, Tanjong Katong High School, and Tanjong Katong Girls’ School.
The freehold heritage building in District 15 rests on a 32,052 sq ft corner plot along Mountbatten Road and Crescent Road. The guide rate translates to a land rate of $1,700 psf.
The tender for the sale closes up on April 2.
