SLA awards tender for Moulmein Road site to Country City Investment
In a Dec 8 launch, Country City Investment claims it intends to revive the real estate with considerate flexible recycle and activation of the site’s heritage forms and open areas. “Our hope is to protect the ancestry of the estate whilst changing it right into an area where customers from all profession can get together, discover and feel comfortable, from eating and health to discovering, play and a curated retail offering,” states Dylan Soh, business property development supervisor at Nation City Investment.
The renewed building is going to consist of thematic areas made for various age and activities, dining establishments and coffee shops, sporting activities and health establishments, enrichment and discovering areas, and pet-friendly locations. “We are constructing a place that commemorates traditions, advocates sustainability, and provides significant expertises for locals and guests similarly,” includes Soh. It is register to launch in 1Q2027.
The tender for the Moulmein Road area closed up in August this year, inviting 13 proposals. Country City Investment became the leading prospective buyer, with a leasing proposal of $388,800 each month. The master contract is for a five-year term with the alternative to restore for one more 4 years.
The Singapore Land Authority (SLA) has already granted the tender for a collection of heritage real estates at 2 Moulmein Roadway. The master occupancy for the location, that consists of over 40 facilities with an overall gross floor location (GFA) of around 139,700 sq ft, was handed out to Country City Investment.
Found near the Novena space, the site has an acreage of 985,350 sq ft. Initially developed in 1913 as the Middleton Medical facility, the spot later on developed right into the Contagious Illness Facility. The place was actually closed up in 2018 when the National Centre for Contagious Diseases was transferred to a brand-new location inside Tan Tock Seng Health Center. It continued to be with Tan Tock Seng Medical Facility till it was gone back to the state in 2023. It is in just strolling proximity of the Novena MRT Terminal.
Country City Investment’s quote of $388,800 in a month rental fee for 2 Moulmein Road is 1.78% more than the second-highest bid of $382,000 each month, that emerged from Cherryloft Resorts and Hotels.
Country City Investment is a Singapore-based property developer best understood for producing the Dempsey Hillside way of living enclave. In 2006, the firm was granted the SLA tenders for 2 places at Dempsey Roadway and Dempsey Hillside, in which it changed right into a lifestyle and leisure cluster with dining establishments, retail and entertainment offers that started in 2007.
The Arcady @ Boon Keng condo price
SLA had actually opened the rate and quality tender for the spot in May 2025. The tender listed a selection of authorized usages for the place, consisting of co-living slots, health, fitness and health, pet-friendly services, art gallery, and learning plans, to name a few. Around 41,900 sq ft of GFA could be allocated for F&B and retail usages, with F&B usage capped at around 20,956 sq ft.
