Two-storey conservation bungalow along Mountbatten Road selling for $54.5 mil

A two-storey conserving bungalow around Mountbatten Roadway gets on the marketplace for $54.5 million, according to the advertising realtor Knight Frank.

“This real estate is not only rich in historic worth, however it’s innate aesthetic appeal resembles artwork; an unique opportunity for a classy customer to add an extraordinary real estate to their portfolio,” states Nicholas Keong, head of non commercial and personal workplace at Knight Frank Singapore.

The tender for the sale closes on April 2.

Based resell data, the last transacted bungalow in the area was 759 Mountbatten Road which yielded $29 million (1,391 psf) when it was marketed in April 2022. Knight Frank research notes that the typical rate of estate landed properties in District 15 has actually expanded from $1,764 psf in 1Q2022 to $2,094 psf in 4Q2023.

Watten House UOL Group Limited & Singapore Land Group Limited

The freehold ancestry real estate in District 15 rests on a 32,052 sq ft side plot around Mountbatten Road and Crescent Road. The overview price equates to a land rate of $1,700 psf.

As a result of the overall size of the estate and double roadway frontage there are 3 entrances that help with entrance, 2 near Mountbatten Road and one along Crescent Roadway. Originally built in 1851, the façade of the property mirrors Colonial, Victorian and Art Deco building designs.

The real property is situated a 9-minute stroll from Tanjong Katong MRT Terminal, giving access to the Thompson-East Coast Line. It sits throughout 1km of Tanjong Katong Primary School, Tanjong Katong Secondary School, and Tanjong Katong Girls’ School.

The seven-bedroom bungalow also consists of a family room, living hall, formal dining area, team quarters, and a parking space. It even has an outside tea yard, a koi fish pond, and a nursery. According to Knight Frank, brand-new expansions to the property are feasible, subject to authorization.

“Very seldom does such an exceptional real estate possessed by the similar family for close to a hundred of years become available up for sale,” claims Mary Sai, executive supervisor, resources markets, Knight Frank Singapore. She includes: “This conservation home, that is extremely well maintained and situated on a large plot dimension, is a prize property in the much-coveted East Coast area”.