Two-storey conservation bungalow along Mountbatten Road selling for $54.5 mil
The seven-bedroom home additionally makes up a family room, living hall, formal eating area, team quarters, and a garage. It even has an exterior tea garden, a koi fish pond, and a nursery. According to Knight Frank, brand-new extensions to the real estate are feasible, subject to approval.
A two-storey conservation bungalow around Mountbatten Roadway goes on the market for $54.5 million, according to the advertising and marketing broker Knight Frank.
“This building is not just rich in historic worth, yet it’s innate visual charm is like artwork; an once-in-a-lifetime chance for a high-end customer to add an extraordinary house to their profile,” claims Nicholas Keong, head of non commercial and private office at Knight Frank Singapore.
Blossoms By The Park floor plan
“Very rarely does such an unique real property owned and operate by the similar family for almost a hundred of years become available to buy,” says Mary Sai, executive manager, capital markets, Knight Frank Singapore. She includes: “This preservation home, that is exceptionally well preserved and located on a large plot dimension, is a trophy property in the much-coveted East Coast place”.
The property is found a 9-minute walk from Tanjong Katong MRT Station, providing accessibility to the Thompson-East Coast Line. It positions within 1km of Tanjong Katong Primary School, Tanjong Katong Secondary School, and Tanjong Katong Girls’ School.
The tender for the sale finalizes on April 2.
The freehold heritage building in District 15 remains on a 32,052 sq ft side plot along Mountbatten Road and Crescent Road. The overview price converts to a land rate of $1,700 psf.
As a result of the overall size of the estate and dual roadway front there are three gateways that assist in access, 2 near Mountbatten Roadway and one around Crescent Road. Originally constructed 1851, the frontage of the real estate shows Colonial, Victorian and Art Deco building styles.
Based resell information, the last transacted cottage in the spot was 759 Mountbatten Roadway which yielded $29 million (1,391 psf) when it was sold in April 2022. Knight Frank research notes that the median cost of property landed properties in Area 15 has grown from $1,764 psf in 1Q2022 to $2,094 psf in 4Q2023.
