Two-storey conservation bungalow along Mountbatten Road selling for $54.5 mil
The seven-bedroom bungalow even makes up a living room, living hall, formal dining space, personnel quarters, and a carport. It even has an exterior tea garden, a koi fish pond, and a garden center. According to Knight Frank, new expansions to the real estate are possible, subject to approval.
The real estate is situated a 9-minute stroll from Tanjong Katong MRT Station, offering accessibility to the Thompson-East Coast Line. It rests throughout 1km of Tanjong Katong Primary School, Tanjong Katong Secondary School, and Tanjong Katong Girls’ School.
“This property is not just rich in historic value, yet it’s innate aesthetic allure is like artwork; an once-in-a-lifetime possibility for a sophisticated buyer to include an amazing real estate to their portfolio,” says Nicholas Keong, head of residential and personal office at Knight Frank Singapore.
The freehold heritage building in District 15 remains on a 32,052 sq ft corner plot around Mountbatten Road and Crescent Road. The overview cost converts to a land rate of $1,700 psf.
As a result of the overall size of the estate and double roadway front there are 3 entrances that facilitate access, 2 along Mountbatten Roadway and one along Crescent Road. Initially constructed 1851, the frontage of the property shows Colonial, Victorian and Art Deco industrial designs.
A two-storey conserving bungalow near Mountbatten Road goes on the marketplace for $54.5 million, according to the marketing agent Knight Frank.
Based resale data, the very last transacted bungalow in the area was 759 Mountbatten Road which yielded $29 million (1,391 psf) when it was offered in April 2022. Knight Frank research notes that the median cost of estate landed properties in District 15 has grown from $1,764 psf in 1Q2022 to $2,094 psf in 4Q2023.
“Very rarely does such an unique real property possessed by the same family for almost a century become available for sale,” says Mary Sai, executive manager, resources markets, Knight Frank Singapore. She includes: “This conservation bungalow, which is extremely well maintained and situated on a huge plot size, is a prize property in the much-coveted East Coast location”.
The tender for the sale finalizes on April 2.
