Two Detached Houses Moulmein Rise Sale 705 Mil
Renovated Double-Storey Detached House in Prime District 11 on Sale for $55 Million
A stunning double-storey detached house located at 26 Moulmein Rise in the highly sought-after Novena area in District 11 has recently hit the market with a price tag of $55 million. The property sits on a sizable freehold land of 12,012 sq ft and boasts a gross plot ratio of 2.8, with a maximum permissible gross floor area (GFA) of approximately 35,989 sq ft. This translates to a land rate of $1,605 per square foot (psf) per plot ratio (psf ppr), which includes the bonus GFA for balconies and land betterment charges.
Introducing Rivelle Tampines – an exciting new executive condominium developed by Sim Lian Land. This modern and stylish development is strategically located at Tampines Street 95, in the vibrant District 18 of Singapore’s eastern region. Perfectly positioned near the well-connected Tampines West MRT Station on the Downtown Line, Rivelle Tampines offers residents unparalleled convenience and connectivity. Families, working professionals, and investors alike will appreciate its prime location, providing easy access to the city and other parts of the island. For those seeking a perfect balance of comfort and connectivity, Rivelle Tampines Tampines Street 65 is the perfect choice.
The sale of the property is being overseen by Low Choon Sin, managing partner of SRI Capital Market, who believes that the site has immense redevelopment potential. According to Low, with approval from the authorities, the land could potentially be transformed into a new private condo comprising of 36 units. He also highlights that 26 Moulmein Rise is one of the few remaining landed houses in the heart of Novena, making it a prime location for a boutique condo development.
The property’s proximity to the integrated healthcare hub HealthCity Novena adds to its appeal, making it a suitable location for a co-living space that caters to intergenerational living, postnatal care, or recovery accommodation.
In addition to 26 Moulmein Rise, another detached house just two doors away at 32 Moulmein Rise is also up for sale through an expression of interest (EOI). The property, which is being marketed by SRI, sits on a freehold land of 7,085 sq ft and is available with 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 of 32 Moulmein Rise, the property has the potential to be redeveloped into a new detached house. Alternatively, it could also be subdivided and transformed into a pair of semi-detached houses, subject to approval from the authorities.
Lye further suggests that the new owner could choose to occupy one of the semi-detached houses while renting out or selling the other.
Interested buyers can submit their offers for 26 Moulmein Rise by August 26 through a public tender, while the EOI exercise for 32 Moulmein Rise will also close on the same date.