Two-storey conservation bungalow along Mountbatten Road selling for $54.5 mil
Because of the size of the estate and dual road frontage there are 3 entrances that facilitate entrance, two along Mountbatten Roadway and one around Crescent Roadway. Originally constructed 1851, the frontage of the real estate mirrors Colonial, Victorian and Art Deco industrial designs.
The seven-bedroom home even comprises a family room, living hall, formal dining space, staff quarters, and a carport. It also has an outdoor tea garden, a koi pond, and a nursery. According to Knight Frank, new extensions to the property are feasible, subject to approval.
The real estate is found a 9-minute stroll from Tanjong Katong MRT Terminal, providing accessibility to the Thompson-East Coast Line. It positions within 1km of Tanjong Katong Primary School, Tanjong Katong High School, and Tanjong Katong Girls’ School.
Based resell information, the last negotiated cottage 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 property landed estates in Area 15 has actually expanded from $1,764 psf in 1Q2022 to $2,094 psf in 4Q2023.
The freehold heritage property in District 15 sits on a 32,052 sq ft corner plot around Mountbatten Road and Crescent Road. The guide rate converts to a land rate of $1,700 psf.
The tender for the sale finalizes on April 2.
“Very not often does such an exceptional real estate owned by the same family for close to a century become readily available offer for sale,” claims Mary Sai, executive manager, capital markets, Knight Frank Singapore. She adds: “This conservation home, that is unbelievably well preserved and situated on a big plot measurements, is a prize possession in the much-coveted East Coast place”.
A two-storey conserving bungalow along Mountbatten Road gets on the market for $54.5 million, according to the advertising broker Knight Frank.
“This property is not only rich in historic worth, however it’s innate visual appeal is like artwork; an once-in-a-lifetime chance for a classy buyer to add a remarkable real estate to their profile,” claims Nicholas Keong, head of non commercial and exclusive office at Knight Frank Singapore.
