Two-storey conservation bungalow along Mountbatten Road selling for $54.5 mil
The freehold heritage real estate in District 15 sits on a 32,052 sq ft side plot around Mountbatten Road and Crescent Road. The guide price equates to a land rate of $1,700 psf.
The tender for the sale closes on April 2.
“Very not often does such an unique real property had by the same family for close to a hundred of years become offered available,” claims Mary Sai, executive supervisor, funding markets, Knight Frank Singapore. She includes: “This preservation bungalow, which is incredibly well preserved and situated on a huge plot measurements, is a trophy asset in the much-coveted East Coast location”.
The property is situated a 9-minute stroll from Tanjong Katong MRT Terminal, giving accessibility to the Thompson-East Coast Line. It sits inside 1km of Tanjong Katong Primary School, Tanjong Katong Secondary School, and Tanjong Katong Girls’ School.
Based resale data, the last transacted 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 indicates that the mean cost of property landed estates in District 15 has actually increased from $1,764 psf in 1Q2022 to $2,094 psf in 4Q2023.
“This property is not just rich in historic value, but it’s inherent visual charm resembles art; an once-in-a-lifetime chance for a high-end purchaser to include an amazing property to their portfolio,” states Nicholas Keong, head of home and private office at Knight Frank Singapore.
A two-storey conservation bungalow around Mountbatten Roadway gets on the market for $54.5 million, according to the advertising realtor Knight Frank.
Due to the overall size of the estate and dual roadway front there are three gateways that help with entrance, 2 near Mountbatten Road and one near Crescent Road. Originally built in 1851, the façade of the property mirrors Colonial, Victorian and Art Deco architectural styles.
The seven-bedroom home also consists of a living room, living hall, formal eating area, staff quarters, and a carport. It also has an outside tea yard, a koi pond, and a greenhouse. According to Knight Frank, new extensions to the property are feasible, based on authorization.