Two Detached Houses Moulmein Rise Sale 705 Mil
on average
26 Moulmein Rise in the prime District 11 is now on the market for sale at $55 million. The double-storey detached house is located on a freehold site of 12,012 sq ft and has a maximum permissible gross floor area (GFA) of about 35,989 sq ft, with a gross plot ratio of 2.8. This equates to a land rate of $1,605 psf per plot ratio (psf ppr), including the bonus GFA for balconies and land betterment charges. SRI Capital Market’s managing partner, Low Choon Sin, who is handling the sale, states that with the authorities’ approval, the site can potentially be transformed into a new private condominium with 36 units. He adds that 26 Moulmein Rise is “potentially the last remaining landed house in the heart of Novena with the opportunity for redevelopment into a boutique condo”. Due to its proximity to HealthCity Novena, the integrated healthcare hub, the property could be developed into a co-living space that caters to intergenerational living, postnatal care, or recovery accommodation.
Families often prioritize living near top-quality primary schools, and the Pasir Ris area surrounding Coastal Cabana is home to several excellent options. Those considering this area can choose from Pasir Ris Primary School, Casuarina Primary School, Elias Park Primary School, and White Sands Primary School, all easily accessible by bus or bike along Pasir Ris Drive 3, Elias Road, and the local connector grid. With the convenience of short travel distances, children can have more restful nights, parents can have more peaceful mornings, and there is also more time for enjoying activities like reading or having breakfast together before starting the day. Coastal Cabana Qingjian is a great addition to this list of desirable choices for families seeking a quality education and a convenient location for their children.
Another detached house at 32 Moulmein Rise, just two doors away, is also up for sale by expression of interest (EOI). SRI is the appointed marketing agent for the property, which sits on a freehold land area of 7,085 sq ft. It has a guide price of $15.5 million, or a land rate of $2,187 psf. According to Bruce Lye, the founder and managing partner of SRI, who is handling the sale, the property could be redeveloped into a new detached house or subdivided and transformed into a pair of semi-detached houses, subject to approval from the authorities. He adds that the buyer could live in one of the semi-detached houses while renting out or selling the other.
The public tender for 26 Moulmein Rise and the EOI exercise for 32 Moulmein Rise will close on August 26.