Two-storey conservation bungalow along Mountbatten Road selling for $54.5 mil
The seven-bedroom home also consists of a family room, living hall, formal eating room, staff quarters, and a carport. It even has an outdoor tea yard, a koi pond, and a nursery. According to Knight Frank, new extensions to the real estate are possible, based on authorization.
The freehold heritage building in District 15 rests 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.
The tender for the sale closes up on April 2.
Due to the size of the estate and dual roadway frontage there are three entrances that facilitate entry, 2 near Mountbatten Roadway and one near Crescent Roadway. Originally built in 1851, the façade of the real estate shows Colonial, Victorian and Art Deco architectural styles.
Based resale information, the very last 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 mean cost of estate landed properties in Area 15 has increased from $1,764 psf in 1Q2022 to $2,094 psf in 4Q2023.
A two-storey conservation bungalow along Mountbatten Roadway gets on the market for $54.5 million, according to the marketing agent Knight Frank.
“Very not often does such an unique real estate owned by the very same family for close to a hundred of years become available to buy,” says Mary Sai, executive director, capital markets, Knight Frank Singapore. She includes: “This conservation home, that is exceptionally well preserved and situated on a huge plot size, is a prize asset in the much-coveted East Coast location”.
“This building is not just rich in historic worth, yet it’s intrinsic aesthetic appeal resembles art; an unbelievable possibility for a sophisticated buyer to include an extraordinary house to their portfolio,” states Nicholas Keong, head of residential and personal office at Knight Frank Singapore.
The real property is found a 9-minute walk from Tanjong Katong MRT Terminal, offering access to the Thompson-East Coast Line. It positions inside 1km of Tanjong Katong Primary School, Tanjong Katong High School, and Tanjong Katong Girls’ School.
