SLA awards tender for Moulmein Road site to Country City Investment
The renewed real property is going to consist of thematic areas developed for various age and activities, dining establishments and coffee shops, sporting activities and health centers, enrichment and discovering rooms, and pet-friendly locations. “We are developing a location that commemorates historical past, advocates sustainability, and provides significant expertises for locals and guests as well,” includes Soh. It is register to start in 1Q2027.
SLA had already released the rate and quality tender for the spot in May 2025. The tender indicated a selection of authorized usages for the place, entailing co-living spots, health, fitness and health, pet-friendly services, art gallery, and scholastic programs, and many more. Around 41,900 sq ft of GFA could be allocated for F&B and retail usages, with F&B usage capped at around 20,956 sq ft.
Rivelle Tampines EC condo price
Country City Investment’s quote of $388,800 in a month lease for 2 Moulmein Road is 1.78% greater than the second-highest bid of $382,000 monthly, that originated from Cherryloft Resorts and Hotels.
The Singapore Land Authority (SLA) has already allocated the tender for a collection of heritage real properties at 2 Moulmein Roadway. The master occupancy for the place, that consists of over 40 structures with a complete gross floor location (GFA) of roughly 139,700 sq ft, was handed out to Country City Investment.
The tender for the Moulmein Road area closed up in August this year, attracting 13 proposals. Country City Investment became the leading prospective buyer, with a leasing quote of $388,800 monthly. The master use is for a five-year term with the alternative to restore for an additional 4 years.
In a Dec 8 launch, Country City Investment claims it prepares to refresh the real estate via considerate flexible recycle and activation of the site’s heritage designs and open areas. “Our hope is to protect the ancestry of the estate whilst changing it right into a location where customers from all profession can gather up, check out and feel comfortable, from eating out and health to understanding, play and a curated retail offering,” claims Dylan Soh, business property development executive at Nation City Investment.
Situated near the Novena part, the site has an acreage of 985,350 sq ft. Initially developed in 1913 as the Middleton Medical center, the website later on developed right into the Infectious Conditions Center. The place was actually shut in 2018 when the National Centre for Contagious Diseases was relocated to a brand-new place inside Tan Tock Seng Medical Facility. It stayed with Tan Tock Seng Health Center till it was gone back to the state in 2023. It is in just strolling range of the Novena MRT Terminal.
Country City Investment is a Singapore-based realty developer best recognized for developing the Dempsey Hillside way of life enclave. In 2006, the business was granted the SLA tenders for 2 spots at Dempsey Roadway and Dempsey Hillside, that it converted right into a lifestyle and leisure cluster with eating establishments, retail and entertainment services that kicked off in 2007.
