Two-storey conservation bungalow along Mountbatten Road selling for $54.5 mil
The real estate is positioned a 9-minute stroll from Tanjong Katong MRT Station, offering access to the Thompson-East Coast Line. It sits within 1km of Tanjong Katong Primary School, Tanjong Katong Secondary School, and Tanjong Katong Girls’ School.
The freehold heritage property in District 15 remains on a 32,052 sq ft edge plot around Mountbatten Road and Crescent Road. The overview rate equates to a land price of $1,700 psf.
Because of the size of the estate and double roadway front there are three gates that help with access, 2 near Mountbatten Roadway and one near Crescent Roadway. Originally built in 1851, the façade of the property mirrors Colonial, Victorian and Art Deco architectural styles.
“Very not often does such an exceptional property owned by the similar family for almost a hundred of years become offered for sale,” says Mary Sai, executive supervisor, capital markets, Knight Frank Singapore. She includes: “This preservation home, that is exceptionally well kept and located on a large plot measurements, is a prize asset in the much-coveted East Coast area”.
“This building is not just rich in historic worth, but it’s inherent visual allure is like art; an unbelievable opportunity for a sophisticated customer to add an amazing real estate to their portfolio,” says Nicholas Keong, head of residential and personal office at Knight Frank Singapore.
The tender for the sale closes up on April 2.
Based resale data, the last transacted bungalow in the place was 759 Mountbatten Roadway which yielded $29 million (1,391 psf) when it was sold in April 2022. Knight Frank research notes that the average cost of freehold landed estates in District 15 has grown from $1,764 psf in 1Q2022 to $2,094 psf in 4Q2023.
A two-storey conserving bungalow near Mountbatten Road is on the marketplace for $54.5 million, according to the advertising and marketing agent Knight Frank.
The seven-bedroom home also consists of a living room, living hall, formal dining room, team quarters, and a carport. It additionally has an outside tea yard, a koi fish pond, and a nursery. According to Knight Frank, new expansions to the property are feasible, subject to authorization.
