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

The property is positioned a 9-minute stroll from Tanjong Katong MRT Station, offering accessibility to the Thompson-East Coast Line. It rests inside 1km of Tanjong Katong Primary School, Tanjong Katong Secondary School, and Tanjong Katong Girls’ School.

“Very not often does such an unique real estate had by the same family for close to a century become offered up for sale,” states Mary Sai, executive manager, resources markets, Knight Frank Singapore. She includes: “This preservation bungalow, that is extremely well preserved and positioned on a large plot dimension, is a trophy possession in the much-coveted East Coast place”.

The tender for the sale finalizes on April 2.

A two-storey conserving bungalow around Mountbatten Road goes on the market for $54.5 million, according to the advertising realtor Knight Frank.

As a result of the size of the estate and dual roadway frontage there are three entrances that facilitate entrance, 2 along Mountbatten Road and one around Crescent Roadway. Originally constructed 1851, the façade of the property shows Colonial, Victorian and Art Deco industrial designs.

Lakegarden Residences floor plan

The seven-bedroom home additionally consists of a living room, living hall, formal dining room, personnel quarters, and a garage. It even has an outdoor tea yard, a koi pond, and a greenhouse. According to Knight Frank, new expansions to the real estate are possible, subject to approval.

Based resell data, the last transacted cottage in the area was 759 Mountbatten Roadway which yielded $29 million (1,391 psf) when it was marketed in April 2022. Knight Frank research indicates that the average rate of estate landed real properties in Area 15 has increased from $1,764 psf in 1Q2022 to $2,094 psf in 4Q2023.

“This real estate is not just rich in historic value, but it’s intrinsic aesthetic appeal is like art; an once-in-a-lifetime possibility for a classy purchaser to add an extraordinary house to their profile,” states Nicholas Keong, head of non commercial and private office at Knight Frank Singapore.

The freehold heritage building in District 15 sits on a 32,052 sq ft corner plot around Mountbatten Road and Crescent Road. The overview price converts to a land price of $1,700 psf.