Two-storey conservation bungalow along Mountbatten Road selling for $54.5 mil
The freehold heritage property in District 15 rests on a 32,052 sq ft edge plot throughout Mountbatten Road and Crescent Road. The overview rate translates to a land charge of $1,700 psf.
The tender for the sale closes up on April 2.
Based resell information, the final negotiated bungalow in the place was 759 Mountbatten Roadway which brought $29 million (1,391 psf) when it was sold in April 2022. Knight Frank research notes that the typical cost of freehold landed properties in Area 15 has actually expanded from $1,764 psf in 1Q2022 to $2,094 psf in 4Q2023.
“Very seldom does such an exceptional property owned and operate by the same family for close to a hundred of years become readily available to buy,” states Mary Sai, executive supervisor, capital markets, Knight Frank Singapore. She adds: “This preservation home, that is exceptionally well preserved and situated on a huge plot measurements, is a prize possession in the much-coveted East Coast place”.
Because of the size of the estate and double roadway frontage there are 3 entrances that help with entrance, two near Mountbatten Road and one along Crescent Roadway. Originally built in 1851, the façade of the building shows Colonial, Victorian and Art Deco building designs.
The seven-bedroom bungalow additionally comprises a family room, living hall, formal eating area, team quarters, and a garage. It also has an outdoor tea garden, a koi fish pond, and a greenhouse. According to Knight Frank, new extensions to the property are feasible, subject to approval.
“This building is not just rich in historic value, however it’s intrinsic aesthetic allure resembles fine art; an unbelievable chance for a sophisticated buyer to add an extraordinary house to their profile,” states Nicholas Keong, head of home and private office at Knight Frank Singapore.
The real estate is found a 9-minute walk from Tanjong Katong MRT Terminal, offering access to the Thompson-East Coast Line. It sits throughout 1km of Tanjong Katong Primary School, Tanjong Katong Secondary School, and Tanjong Katong Girls’ School.
A two-storey conserving bungalow around Mountbatten Road goes on the market for $54.5 million, according to the advertising and marketing broker Knight Frank.
