Two-storey conservation bungalow along Mountbatten Road selling for $54.5 mil
The real estate is positioned a 9-minute walk from Tanjong Katong MRT Terminal, 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 tender for the sale closes on April 2.
Based resell information, the last negotiated cottage in the spot was 759 Mountbatten Road which yielded $29 million (1,391 psf) when it was offered in April 2022. Knight Frank research notes that the typical price of estate landed real properties in District 15 has actually increased from $1,764 psf in 1Q2022 to $2,094 psf in 4Q2023.
“Very rarely does such an unique real property owned and operate by the similar family for close to a hundred of years become offered offer for sale,” states Mary Sai, executive manager, capital markets, Knight Frank Singapore. She adds: “This preservation home, which is extremely well preserved and situated on a huge plot size, is a prize possession in the much-coveted East Coast location”.
A two-storey conserving bungalow near Mountbatten Road gets on the marketplace for $54.5 million, according to the advertising and marketing agent Knight Frank.
The freehold ancestry building in District 15 sits on a 32,052 sq ft corner plot around Mountbatten Road and Crescent Road. The overview rate equates to a land charge of $1,700 psf.
“This real estate is not just rich in historic worth, but it’s innate visual charm is like fine art; an once-in-a-lifetime opportunity for a sophisticated buyer to add an extraordinary property to their profile,” claims Nicholas Keong, head of residential and exclusive workplace at Knight Frank Singapore.
As a result of the overall size of the estate and dual roadway frontage there are three gates that help with entry, 2 along Mountbatten Road and one along Crescent Roadway. Originally constructed 1851, the façade of the real estate shows Colonial, Victorian and Art Deco industrial designs.
The seven-bedroom home also comprises a living room, living hall, formal eating space, team quarters, and a garage. It also has an outdoor tea garden, a koi pond, and a garden center. According to Knight Frank, brand-new extensions to the property are possible, based on approval.
