Two-storey conservation bungalow along Mountbatten Road selling for $54.5 mil
A two-storey conservation bungalow along Mountbatten Road is on the marketplace for $54.5 million, according to the marketing realtor Knight Frank.
“Very rarely does such a distinct property possessed by the same family for almost a century become available for sale,” claims Mary Sai, executive supervisor, resources markets, Knight Frank Singapore. She includes: “This preservation bungalow, that is extremely well maintained and situated on a large plot dimension, is a trophy possession in the much-coveted East Coast area”.
Based resale information, the last negotiated bungalow in the spot was 759 Mountbatten Roadway which brought $29 million (1,391 psf) when it was offered in April 2022. Knight Frank research notes that the median cost of property landed real properties in District 15 has expanded from $1,764 psf in 1Q2022 to $2,094 psf in 4Q2023.
Due to the size of the estate and double roadway frontage there are 3 gates that help with access, two near Mountbatten Road and one near Crescent Roadway. Initially installed 1851, the façade of the building mirrors Colonial, Victorian and Art Deco industrial designs.
“This real estate is not only rich in historic worth, however it’s innate visual charm is like artwork; an once-in-a-lifetime possibility for a sophisticated purchaser to add an extraordinary house to their profile,” claims Nicholas Keong, head of home and exclusive office at Knight Frank Singapore.
The freehold heritage real estate in District 15 remains on a 32,052 sq ft side plot along Mountbatten Road and Crescent Road. The guide cost translates to a land charge of $1,700 psf.
The seven-bedroom home even consists of a living room, living hall, formal dining area, personnel quarters, and a parking space. It also has an outdoor tea garden, a koi fish pond, and a garden center. According to Knight Frank, new expansions to the property are possible, based on authorization.
The tender for the sale closes on April 2.
The real property is found a 9-minute stroll from Tanjong Katong MRT Terminal, offering accessibility to the Thompson-East Coast Line. It positions throughout 1km of Tanjong Katong Primary School, Tanjong Katong Secondary School, and Tanjong Katong Girls’ School.
