SLA awards tender for Moulmein Road site to Country City Investment
The overhauled real property is going to consist of thematic areas developed 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 venue that commemorates traditions, advocates sustainability, and provides significant expertises for citizens and guests as well,” includes Soh. It is register to start in 1Q2027.
SLA had already opened the cost and quality tender for the spot in May 2025. The tender listed a range of accepted usages for the place, consisting of co-living spots, health, fitness and health, pet-friendly services, art gallery, and scholastic programs, to name a few. Approximately 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.
Country City Investment is a Singapore-based realty developer best recognized for developing the Dempsey Hillside way of life enclave. In 2006, the business was granted the SLA tenders for 2 places at Dempsey Roadway and Dempsey Hillside, in which it converted right into a lifestyle and leisure cluster with dining establishments, retail and entertainment services that kicked off in 2007.
The tender for the Moulmein Road area closed up in August this year, inviting 13 quotes. Country City Investment became the leading prospective buyer, with a leasing proposal of $388,800 monthly. The master contract is for a five-year term with the alternative to restore for an additional 4 years.
Situated near the Novena place, the site has an acreage of 985,350 sq ft. Initially developed in 1913 as the Middleton Medical facility, the location later on progressed right into the Contagious Illness Facility. The place was actually closed up in 2018 when the National Centre for Contagious Diseases was relocated to a brand-new place just within 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 just within strolling range of the Novena MRT Terminal.
In a Dec 8 launch, Country City Investment states it prepares to revive the real property with considerate flexible recycle and activation of the site’s heritage designs and open areas. “Our hope is to protect the ancestry of the estate whilst changing it right into a location where customers from all profession can get together, discover and feel comfortable, from eating out and health to discovering, play and a curated retail offering,” claims Dylan Soh, business growth executive at Nation City Investment.
The Singapore Land Authority (SLA) has recently granted the tender for a collection of heritage real properties at 2 Moulmein Roadway. The master occupancy for the location, that consists of over 40 facilities with a complete gross floor location (GFA) of about 139,700 sq ft, was rewarded to Country City Investment.
Country City Investment’s quote of $388,800 in a month lease for 2 Moulmein Road is 1.78% more than the second-highest bid of $382,000 each month, that originated from Cherryloft Resorts and Hotels.
