Two-storey conservation bungalow along Mountbatten Road selling for $54.5 mil
The freehold heritage building in District 15 sits on a 32,052 sq ft side plot along Mountbatten Road and Crescent Road. The guide rate equates to a land price of $1,700 psf.
Based resell data, the final transacted cottage in the area 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 cost of freehold landed real properties in District 15 has actually increased from $1,764 psf in 1Q2022 to $2,094 psf in 4Q2023.
The real estate is positioned a 9-minute walk from Tanjong Katong MRT Station, offering access to the Thompson-East Coast Line. It sits inside 1km of Tanjong Katong Primary School, Tanjong Katong Secondary School, and Tanjong Katong Girls’ School.
The tender for the sale closes up on April 2.
A two-storey conservation bungalow near Mountbatten Roadway goes on the market for $54.5 million, according to the advertising and marketing broker Knight Frank.
“Very not often does such a distinct real estate had by the same family for close to a hundred of years become offered available,” claims Mary Sai, executive manager, funding markets, Knight Frank Singapore. She includes: “This preservation bungalow, that is exceptionally well preserved and situated on a big plot size, is a prize property in the much-coveted East Coast location”.
Because of the size of the estate and dual road frontage there are three entrances that help with access, 2 throughout Mountbatten Road and one along Crescent Roadway. Originally built in 1851, the façade of the building shows Colonial, Victorian and Art Deco industrial designs.
The seven-bedroom home also comprises a family room, living hall, formal dining area, staff quarters, and a parking space. It also has an exterior tea yard, a koi fish pond, and a nursery. According to Knight Frank, new expansions to the property are feasible, subject to approval.
“This property is not only rich in historic worth, however it’s intrinsic aesthetic allure resembles artwork; an unique chance for a high-end buyer to add an extraordinary property to their portfolio,” claims Nicholas Keong, head of non commercial and private workplace at Knight Frank Singapore.
