SLA awards tender for Moulmein Road site to Country City Investment
SLA had actually opened the cost and quality tender for the location in May 2025. The tender listed a range of authorized usages for the area, entailing co-living spots, health, fitness and health, pet-friendly services, art gallery, and scholastic plans, to name a few. Approximately 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.
The Singapore Land Authority (SLA) has already allocated the tender for a collection of heritage real estates at 2 Moulmein Roadway. The master occupancy for the location, that consists of over 40 establishments with a complete gross floor location (GFA) of roughly 139,700 sq ft, was handed out to Country City Investment.
Canberra Crescent Residences condo price
The tender for the Moulmein Road area closed up in August this year, inviting 13 proposals. Country City Investment became the leading prospective buyer, with a leasing proposal of $388,800 monthly. The master contract is for a five-year term with the alternative to restore for one more 4 years.
Country City Investment’s proposal of $388,800 in a month rental fee for 2 Moulmein Road is 1.78% more than the second-highest bid of $382,000 monthly, that emerged from Cherryloft Resorts and Hotels.
The overhauled building is going to consist of thematic areas created for various age and activities, dining establishments and coffee shops, sporting activities and health establishments, enrichment and discovering areas, and pet-friendly locations. “We are constructing a place that commemorates traditions, advocates sustainability, and provides significant expertises for homeowners and guests as well,” includes Soh. It is register to launch in 1Q2027.
In a Dec 8 launch, Country City Investment states 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 individuals from all profession can get together, discover and feel comfortable, from eating and health to understanding, play and a curated retail offering,” claims Dylan Soh, business growth executive at Nation City Investment.
Country City Investment is a Singapore-based realty developer best recognized for producing the Dempsey Hillside way of life enclave. In 2006, the firm was granted the SLA tenders for 2 places at Dempsey Roadway and Dempsey Hillside, in which it improved right into a lifestyle and leisure cluster with dining establishments, retail and leisure services that kicked off in 2007.
Found near the Novena place, the site has an acreage of 985,350 sq ft. Initially founded in 1913 as the Middleton Medical facility, the website later on developed right into the Infectious Conditions Center. The place was actually closed up in 2018 when the National Centre for Contagious Diseases was transferred to a brand-new location inside Tan Tock Seng Health Center. It stayed with Tan Tock Seng Health Center till it was gone back to the state in 2023. It is just within strolling range of the Novena MRT Terminal.
