Two-storey conservation bungalow along Mountbatten Road selling for $54.5 mil
The freehold heritage building in District 15 remains on a 32,052 sq ft side plot around Mountbatten Road and Crescent Road. The overview price translates to a land rate of $1,700 psf.
“Very rarely does such an exceptional real estate owned and operate by the same family for almost a hundred of years become available for sale,” claims Mary Sai, executive supervisor, resources markets, Knight Frank Singapore. She includes: “This preservation home, which is exceptionally well maintained and located on a huge plot size, is a prize possession in the much-coveted East Coast location”.
The real estate is found a 9-minute walk from Tanjong Katong MRT Station, providing accessibility to the Thompson-East Coast Line. It positions throughout 1km of Tanjong Katong Primary School, Tanjong Katong Secondary School, and Tanjong Katong Girls’ School.
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As a result of the dimension of the estate and dual road front there are 3 entrances that facilitate access, 2 throughout Mountbatten Road and one around Crescent Roadway. Originally installed 1851, the façade of the property shows Colonial, Victorian and Art Deco building styles.
“This building is not only rich in historic worth, but it’s inherent visual appeal is like artwork; an once-in-a-lifetime opportunity for a high-end customer to add an amazing real estate to their profile,” claims Nicholas Keong, head of home and exclusive workplace at Knight Frank Singapore.
The seven-bedroom bungalow additionally makes up a living room, living hall, formal eating area, staff quarters, and a carport. It even has an outdoor tea garden, a koi pond, and a nursery. According to Knight Frank, brand-new extensions to the property are possible, subject to approval.
A two-storey conservation bungalow along Mountbatten Roadway is on the market for $54.5 million, according to the advertising and marketing agent Knight Frank.
Based resell information, the final transacted bungalow in the area 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 estates in District 15 has actually increased from $1,764 psf in 1Q2022 to $2,094 psf in 4Q2023.
The tender for the sale finalizes on April 2.