SLA awards tender for Moulmein Road site to Country City Investment
The Singapore Land Authority (SLA) has recently allocated the tender for a collection of heritage real properties at 2 Moulmein Roadway. The master occupancy for the location, that consists of over 40 structures with an overall gross floor location (GFA) of roughly 139,700 sq ft, was handed out to Country City Investment.
The tender for the Moulmein Road area shut off in August this year, attracting 13 quotes. Country City Investment became the leading prospective buyer, with a leasing proposal of $388,800 each month. The master contract is for a five-year term with the choice to restore for one more 4 years.
In a Dec 8 launch, Country City Investment claims it intends to refresh the real property with considerate flexible recycle and activation of the site’s heritage designs and open areas. “Our hope is to protect the history 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 and health to knowing, play and a curated retail offering,” claims Dylan Soh, business property development supervisor at Nation City Investment.
Country City Investment’s quote 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.
Found near the Novena space, the site has an acreage of 985,350 sq ft. Initially founded in 1913 as the Middleton Medical center, the location later on developed right into the Transmittable Conditions Facility. The place was actually shut in 2018 when the National Centre for Contagious Diseases was transferred to a brand-new place inside Tan Tock Seng Healthcare Facility. It stayed with Tan Tock Seng Healthcare Facility up until it was gone back to the state in 2023. It is just within strolling proximity of the Novena MRT Stop.
The renewed building is going to consist of thematic areas developed for various age and attractions, dining establishments and coffee shops, sporting activities and health establishments, enrichment and discovering areas, and pet-friendly locations. “We are constructing a venue that commemorates traditions, advocates sustainability, and provides significant expertises for citizens and guests as well,” includes Soh. It is register to launch in 1Q2027.
Country City Investment is a Singapore-based property developer best recognized for producing the Dempsey Hillside way of living 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 launched in 2007.
SLA had actually started the rate and quality tender for the spot in May 2025. The tender listed a selection of authorized usages for the area, consisting of co-living slots, 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.
