Two-storey conservation bungalow along Mountbatten Road selling for $54.5 mil
A two-storey conserving bungalow along Mountbatten Road gets on the marketplace for $54.5 million, according to the marketing realtor Knight Frank.
The seven-bedroom home even comprises a family room, living hall, formal eating room, personnel quarters, and a parking space. It even has an exterior tea yard, a koi pond, and a greenhouse. According to Knight Frank, new extensions to the real estate are possible, based on authorization.
The tender for the sale closes on April 2.
“This real estate is not only rich in historic worth, yet it’s intrinsic visual charm resembles fine art; an unbelievable chance for a sophisticated purchaser to add a remarkable house to their portfolio,” says Nicholas Keong, head of residential and personal office at Knight Frank Singapore.
The real estate is found 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.
Based resale data, the last negotiated cottage in the area was 759 Mountbatten Roadway which yielded $29 million (1,391 psf) when it was marketed in April 2022. Knight Frank research notes that the median price of freehold landed estates in Area 15 has actually expanded from $1,764 psf in 1Q2022 to $2,094 psf in 4Q2023.
The freehold ancestry property in District 15 rests on a 32,052 sq ft side plot throughout Mountbatten Road and Crescent Road. The guide price translates to a land charge of $1,700 psf.
“Very not often does such an unique property owned by the similar family for nearly a century become available offer for sale,” says Mary Sai, executive supervisor, capital markets, Knight Frank Singapore. She includes: “This preservation home, which is incredibly well preserved and positioned on a large plot dimension, is a prize asset in the much-coveted East Coast place”.
Because of the dimension of the estate and double roadway front there are three entrances that assist in entrance, two along Mountbatten Roadway and one near Crescent Roadway. Originally built in 1851, the façade of the real estate mirrors Colonial, Victorian and Art Deco industrial designs.
