SLA awards tender for Moulmein Road site to Country City Investment
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 rewarded to Country City Investment.
In a Dec 8 launch, Country City Investment states it intends to revive the real property with considerate flexible recycle and activation of the site’s heritage designs and open areas. “Our hope is to maintain the ancestry of the estate whilst changing it right into an area where customers from all profession can gather up, discover and feel comfortable, from eating and health to discovering, play and a curated retail offering,” claims Dylan Soh, business property development executive at Nation City Investment.
The tender for the Moulmein Road area shut off in August this year, attracting 13 proposals. Country City Investment became the leading prospective buyer, with a leasing quote of $388,800 each month. The master use is for a five-year term with the alternative to restore for an additional 4 years.
The renewed building 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 areas, and pet-friendly locations. “We are developing a place 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 actually opened the cost and quality tender for the location in May 2025. The tender identified a selection of accepted usages for the area, consisting of co-living slots, health, fitness and health, pet-friendly services, art gallery, and learning programs, to name a few. 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.
Situated near the Novena space, 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 Facility. The place was actually shut in 2018 when the National Centre for Contagious Diseases was relocated to a brand-new location just within Tan Tock Seng Healthcare Facility. It continued to be with Tan Tock Seng Healthcare Facility up until it was gone back to the state in 2023. It is just within strolling range of the Novena MRT Stop.
Country City Investment is a Singapore-based realty developer best recognized for developing 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, that it improved right into a lifestyle and leisure cluster with eating establishments, retail and entertainment offers that started in 2007.
Country City Investment’s quote of $388,800 in a month rental fee for 2 Moulmein Road is 1.78% greater than the second-highest bid of $382,000 monthly, that emerged from Cherryloft Resorts and Hotels.
