SINGAPORE (EDGEPROP) - A land plot measuring around 10,839 sq ft at 801 Mountbatten Road has been put on the market by exclusive marketing agent Savills Singapore. The guide price is $13 million, translating to approximately $1,199 psf on land area. It will be sold on vacant possession.

The District 15 plot, currently occupied by a detached house, enjoys a prominent frontage of around 25m along Mountbatten Road and a plot depth of around 37m.

The site is zoned “Residential, two-storey semi-detached” under the 2019 Master Plan. It has the flexibility to be redeveloped into a pair of detached houses, a pair of semi-detached houses, or a bungalow, subject to authorities’ approval.

Located within 350m from the upcoming Tanjong Katong MRT station, the site is in proximity to amenities at Parkway Parade, i12 Katong (currently under construction) and the Katong lifestyle enclave. Nearby schools within 1km include Tanjong Katong Primary School, Tanjong Katong Girls’ School, Chung Cheng High School and Tanjong Katong Secondary School.

Yap Hui Yee, director of Investment Sales & Capital Markets at Savills Singapore, says, “This offering is an exceptional opportunity for end-users and developers to acquire a sizeable freehold land plot within an affluent district, where freehold and regular layout residential landed redevelopment sites are in scarce supply.”

The expression of interest (EOI) exercise will close on Jan 12, 2021, at 3pm.

Check out the latest listings near 801 Mountbatten Road, District 15, Tanjong Katong Primary School, Tanjong Katong Girls’ School, Chung Cheng High School, Tanjong Katong Secondary School