Two-storey conservation bungalow along Mountbatten Road selling for $54.5 mil

A two-storey conservation bungalow near Mountbatten Road goes on the market for $54.5 million, according to the advertising realtor Knight Frank.

Based resale information, the last negotiated bungalow in the area was 759 Mountbatten Road which yielded $29 million (1,391 psf) when it was marketed in April 2022. Knight Frank research indicates that the mean rate of property landed properties in District 15 has expanded from $1,764 psf in 1Q2022 to $2,094 psf in 4Q2023.

Lentoria Hong Leong Group and Mitsui Fudosan

The freehold ancestry building in District 15 rests on a 32,052 sq ft side plot around Mountbatten Road and Crescent Road. The overview price equates to a land price of $1,700 psf.

The tender for the sale closes up on April 2.

The property is situated a 9-minute stroll 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.

As a result of the dimension of the estate and dual roadway frontage there are 3 gateways that assist in entry, two near Mountbatten Roadway and one around Crescent Road. Originally constructed 1851, the façade of the real estate shows Colonial, Victorian and Art Deco building designs.

The seven-bedroom home additionally consists of a family room, living hall, formal eating area, personnel quarters, and a carport. It even has an outdoor tea yard, a koi fish pond, and a garden center. According to Knight Frank, new expansions to the property are possible, subject to authorization.

“This real estate is not only rich in historic worth, however it’s inherent visual charm resembles fine art; an once-in-a-lifetime opportunity for a sophisticated customer to include an extraordinary real estate to their portfolio,” says Nicholas Keong, head of non commercial and private workplace at Knight Frank Singapore.

“Very seldom does such an exceptional property owned and operate by the same family for close to a century become offered available,” states Mary Sai, executive supervisor, funding markets, Knight Frank Singapore. She adds: “This preservation home, that is incredibly well maintained and situated on a big plot size, is a trophy asset in the much-coveted East Coast area”.

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