SLA awards tender for Moulmein Road site to Country City Investment
The tender for the Moulmein Road area shut off in August this year, inviting 13 quotes. Country City Investment became the leading prospective buyer, with a leasing quote of $388,800 each month. The master contract is for a five-year term with the choice to restore for one more 4 years.
SLA had actually opened the cost and quality tender for the location in May 2025. The tender identified a selection of authorized usages for the place, consisting of co-living spots, health, fitness, 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 structures with a complete gross floor location (GFA) of about 139,700 sq ft, was rewarded to Country City Investment.
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 each month, that emerged from Cherryloft Resorts and Hotels.
The renewed real property is going to consist of thematic areas developed for various age and attractions, dining establishments and coffee shops, sporting activities and health centers, enrichment and discovering rooms, and pet-friendly locations. “We are constructing a location that commemorates traditions, advocates sustainability, and provides significant expertises for citizens and guests similarly,” includes Soh. It is register to start in 1Q2027.
Situated near the Novena place, the site has an acreage of 985,350 sq ft. Initially built in 1913 as the Middleton Medical facility, the spot later on developed right into the Transmittable Conditions Facility. The place was actually closed up in 2018 when the National Centre for Contagious Diseases was relocated to a brand-new place inside Tan Tock Seng Medical Facility. It continued to be with Tan Tock Seng Healthcare Facility up until it was gone back to the state in 2023. It is in just strolling proximity of the Novena MRT Stop.
In a Dec 8 launch, Country City Investment states it prepares to revitalize the real estate via 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 individuals from all profession can get together, check out and feel comfortable, from eating out and health to knowing, play and a curated retail offering,” states Dylan Soh, business growth supervisor at Nation City Investment.
Country City Investment is a Singapore-based property developer best recognized for producing the Dempsey Hillside way of living enclave. In 2006, the business was granted the SLA tenders for 2 spots at Dempsey Roadway and Dempsey Hillside, that it improved right into a lifestyle and leisure cluster with dining establishments, retail and entertainment offers that kicked off in 2007.
