Two-storey conservation bungalow along Mountbatten Road selling for $54.5 mil
The real property is found a 9-minute walk from Tanjong Katong MRT Station, giving accessibility to the Thompson-East Coast Line. It rests inside 1km of Tanjong Katong Primary School, Tanjong Katong High School, and Tanjong Katong Girls’ School.
The seven-bedroom home also comprises a living room, living hall, formal dining space, team quarters, and a garage. It also has an exterior tea garden, a koi fish pond, and a greenhouse. According to Knight Frank, new expansions to the property are possible, subject to approval.
A two-storey conserving bungalow around Mountbatten Road gets on the marketplace for $54.5 million, according to the marketing realtor Knight Frank.
Based resell information, the final negotiated bungalow in the area was 759 Mountbatten Road which brought $29 million (1,391 psf) when it was sold in April 2022. Knight Frank research indicates that the typical price of freehold landed real properties in Area 15 has grown from $1,764 psf in 1Q2022 to $2,094 psf in 4Q2023.
The tender for the sale closes on April 2.
The freehold heritage building in District 15 sits on a 32,052 sq ft edge plot throughout Mountbatten Road and Crescent Road. The guide rate translates to a land price of $1,700 psf.
“This building is not only rich in historic value, yet it’s intrinsic aesthetic appeal is like fine art; an once-in-a-lifetime possibility for a classy purchaser to add an extraordinary real estate to their portfolio,” claims Nicholas Keong, head of non commercial and private workplace at Knight Frank Singapore.
Due to the dimension of the estate and dual roadway front there are 3 gates that facilitate entry, 2 throughout Mountbatten Road and one near Crescent Road. Initially constructed 1851, the façade of the property mirrors Colonial, Victorian and Art Deco building styles.
“Very not often does such a distinct real property had by the same family for almost a century become readily available up for sale,” says Mary Sai, executive supervisor, capital markets, Knight Frank Singapore. She adds: “This conservation home, which is unbelievably well kept and situated on a large plot dimension, is a trophy possession in the much-coveted East Coast area”.
