SLA awards tender for Moulmein Road site to Country City Investment
In a Dec 8 launch, Country City Investment claims it prepares to refresh the real estate with considerate flexible recycle and activation of the site’s heritage designs and open areas. “Our hope is to maintain the ancestry of the estate whilst changing it right into an area where individuals from all profession can get together, discover and feel comfortable, from eating and health to understanding, play and a curated retail offering,” claims Dylan Soh, business growth supervisor at Nation City Investment.
Found near the Novena space, the site has an acreage of 985,350 sq ft. Initially founded in 1913 as the Middleton Medical center, the location later on developed right into the Transmittable Conditions Facility. The place was actually closed up in 2018 when the National Centre for Contagious Diseases was relocated to a brand-new location inside Tan Tock Seng Healthcare Facility. It continued to be with Tan Tock Seng Medical Facility till it was gone back to the state in 2023. It is in just strolling range of the Novena MRT Stop.
Country City Investment’s proposal of $388,800 in a month lease for 2 Moulmein Road is 1.78% more than the second-highest bid of $382,000 monthly, that emerged from Cherryloft Resorts and Hotels.
Country City Investment is a Singapore-based realty developer best recognized for producing the Dempsey Hillside way of living enclave. In 2006, the firm was granted the SLA tenders for 2 places at Dempsey Roadway and Dempsey Hillside, in which it changed right into a lifestyle and leisure cluster with dining establishments, retail and entertainment services that started in 2007.
The renewed building is going to consist of thematic areas created for various age and attractions, dining establishments and coffee shops, sporting activities and health establishments, enrichment and discovering rooms, and pet-friendly locations. “We are developing a place that honors traditions, advocates sustainability, and provides significant expertises for locals and guests similarly,” includes Soh. It is register to start in 1Q2027.
SLA had actually released the rate and quality tender for the spot in May 2025. The tender identified a range of accepted usages for the area, consisting of co-living slots, health, fitness and health, pet-friendly services, art gallery, and learning plans, and many more. Approximately 41,900 sq ft of GFA could be allocated for F&B and retail usages, with F&B usage capped at around 20,956 sq ft.
The Singapore Land Authority (SLA) has already allocated the tender for a collection of heritage real estates at 2 Moulmein Roadway. The master occupancy for the location, that consists of over 40 facilities with a complete gross floor location (GFA) of around 139,700 sq ft, was granted to Country City Investment.
The tender for the Moulmein Road area closed up in August this year, attracting 13 quotes. Country City Investment became the leading prospective buyer, with a leasing quote of $388,800 each month. The master use is for a five-year term with the alternative to restore for an additional 4 years.
