Bukit Sembawang Estates won the collective earnings at Old Katong Park Towers at the 1st quarter 2018. It’s a site area of 140,758 square feet and is situated about 200 metres in the future Katong Park MRT Station, which is slated for completion at 2023.
The 99-year leasehold Mountbatten Residences condominium happen to be snapped up by land developer Bukit Sembawang Estates to get S$345 million. Originally, Katong Park Towers has been set up for en bloc sale with a cost of no less than S$288 million. Thus the final tender cost is roughly 20% over that. Homeowners for the normal apartment units at Katong Park Towers can anticipate a earnings move between S$2.25 million — S$3.23 million, although the penthouse owners may anticipate payout beginning from S$4.95 million into a whopping S$12.08 million (for its largest penthouse unit).
The Mountbatten Residences website includes a 2.1 plot ratio and also the future new launching project can be redeveloped to a 24-storey personal residential development. In the selling price of $345 million, the property speed for Mountbatten Residences equates to $1,280 per sq feet per storyline up into the growth baseline, considering that an estimated $60 million for its rental updating premium.
Other improvements which are neighboring New Condo in Mountabtten Road comprise 8M Residences, Meyer Melodia, The View @ Meyer, The Meyerise, along with also The Seafront On Meyer.
Mountbatten Residences in Mountbatten Road- Connectivity
Mountbatten Residences condominium is roughly 200 m from Katong Park MRT Station that will begin working in 2023. As of present, Mountbatten Residences condois about 1 km from Mountbatten Train Station that functions the Circle Line. Prospective residents of Mountbatten Residences Bukit Sembawang can have a brief stroll to Mountbatten Road that has bus services which will bring them straight to the train station. The Mountbatten Train Station is also only two stops from Paya Lebar Train Interchange at which the East West Train Services are all readily available.
Mountbatten Residences is Only a Brief distance to the primary Mountbatten Road which connects to Fort Road and the East Coast Parkway (ECP). This permits 6 minutes of driveway to get into the Shenton Way out of Mountbatten Residences and 7 minutes of driveway into the Orchard Shopping Belt. The ECP also permits prospective residents to readily connect to different significant expressways like the Kallang Paya Lebar Expressway (KPE), the Pan Island Expressway (PIE) and the Ayer Rajah Expressway (AYE) that makes driving to several elements of Singpapore a breeze.
Mountbatten Residences Arthur Road is a brief drive from Leisure Park Kallang in which a large choice of eating, leisure and shopping facilities are available like grocery store, food court and theatre. Mountbatten Residences can also be near the coming malls like the brand new Sports Hub Mall, Pavilion Square, The Flow and One KM (Katong Regency) where its prospective residents can look forward to unlimited choices when they’re finished.
Other shopping malls Which Are within Mountbatten Residences locale comprise Parkway Parade, Katong Village, I12 Katong, Katong Shopping Centre and The Odeon Katong.
Mountbatten Residences is a brand-new condo development situated in one of Singapore’s most sought after home remain precinct, District 15. The plum site boast a site place of 140,758 square feet and a maximum gross floor space of approximately 295,591 sq ft. This implies that it may feature roughly 320 residential components. It stays on a much large plot of soil in contrast to it’s counterparts. It’s also surrounded by personal possessions and landed houses where a few are Great Class Bungalows. There are a great deal of legacy around Mountbatten Residences too. Places like Katong and Haig street area still functions famous regional food among the numerous modern and posh restaurants.
The attractiveness of Mountbatten Residences lies in it’s exceptional place and the infrequent major plot of land. Contemplating Mountbatten being a property that is matured, most property are already occupied or even being modest. It’s worthy to say that transportation infrastructures are set up also where residents may enjoy the new Katong Park MRT station poised to run annually 2023. Interested parties may find out more about the evolution – Mountbatten Residences – Former Katong Park Condo. Aspiring house owners can continue to view and obtain Mountbatten Residences Floor Plan & Mountbatten Residences E-Brochure if it’s ready.