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

The freehold heritage property in District 15 sits on a 32,052 sq ft edge plot along Mountbatten Road and Crescent Road. The guide price equates to a land charge of $1,700 psf.

The seven-bedroom bungalow additionally consists of a family room, living hall, formal dining area, personnel quarters, and a garage. It additionally has an outdoor tea yard, a koi fish pond, and a nursery. According to Knight Frank, new extensions to the real estate are feasible, based on authorization.

The tender for the sale closes up on April 2.

A two-storey conserving bungalow near Mountbatten Road gets on the marketplace for $54.5 million, according to the advertising and marketing agent Knight Frank.

“Very seldom does such an exceptional property possessed by the similar family for nearly a century become readily available for sale,” claims Mary Sai, executive manager, capital markets, Knight Frank Singapore. She includes: “This preservation bungalow, which is extremely well preserved and located on a huge plot measurements, is a trophy property in the much-coveted East Coast area”.

The real property is situated a 9-minute walk from Tanjong Katong MRT Terminal, offering accessibility to the Thompson-East Coast Line. It positions inside 1km of Tanjong Katong Primary School, Tanjong Katong Secondary School, and Tanjong Katong Girls’ School.

The Arcady @ Boon Keng condo floor plan

Based resale information, the very last negotiated bungalow in the spot was 759 Mountbatten Road which fetched $29 million (1,391 psf) when it was sold in April 2022. Knight Frank research notes that the mean price of freehold landed real properties in Area 15 has actually increased from $1,764 psf in 1Q2022 to $2,094 psf in 4Q2023.

As a result of the overall size of the estate and double roadway frontage there are 3 gates that facilitate entry, two throughout Mountbatten Road and one around Crescent Road. Originally installed 1851, the façade of the real estate mirrors Colonial, Victorian and Art Deco building designs.

“This building is not just rich in historic value, yet it’s intrinsic visual appeal resembles art; an once-in-a-lifetime possibility for a sophisticated buyer to add an amazing real estate to their profile,” says Nicholas Keong, head of non commercial and exclusive office at Knight Frank Singapore.