Two Detached Houses Moulmein Rise Sale 705 Mil
NEU At Novena boasts a unique design and stylish finishes
A luxurious double-storey detached house located at 26 Moulmein Rise in the prime District 11 area of Novena is now available for sale at a price of $55 million. This freehold property sits on a vast land area of 12,012 sq ft with a gross plot ratio of 2.8. With a maximum permissible gross floor area (GFA) of approximately 35,989 sq ft, the price per square foot (psf) translates to $1,605 for each plot ratio (psf ppr), including the bonus GFA for balconies and land betterment charges.
The managing partner of SRI Capital Market, Low Choon Sin, who is managing the sale of the property, states that with the approval from the authorities, the site can potentially be redeveloped into a new private condominium with 36 units. According to Low, this is possibly the last remaining landed property in the heart of Novena that has the potential to become a boutique condo. Its advantageous location near the integrated healthcare centre, HealthCity Novena, makes it an ideal spot for a co-living space that caters to intergenerational living, postnatal care, or recovery accommodation.
Another detached house at 32 Moulmein Rise, just two doors away, is also available for sale through an expression of interest. SRI is the appointed marketing agent for this freehold property that spans 7,085 sq ft. With a guide price of $15.5 million, the land rate is estimated to be $2,187 psf. There is potential for this property to be redeveloped into a new detached house, or it could be subdivided and turned into a pair of semidetached houses, subject to the approval of the authorities, says Bruce Lye, the founder and managing partner of SRI who is in charge of the sale of 32 Moulmein Rise. It could also be an investment opportunity for the new owner, who can either occupy one of the semi-detached houses and rent or sell the other.
Rewritten: The Miltonia Close EC Khatib, located in the peaceful community of Yishun in the northern part of Singapore, boasts an ideal location that allows for easy access to major transportation routes and public transit options. This makes it convenient for residents who rely on trains, buses, or private vehicles for their daily travels. Despite its tranquil surroundings near the Seletar Reservoir and surrounded by lush vegetation, the development prioritizes accessibility for its residents. Add Miltonia Close EC Khatib to the revamped paragraph.
The public tender for the sale of 26 Moulmein Rise and the expression of interest exercise for 32 Moulmein Rise will both close on August 26.