SLA awards tender for Moulmein Road site to Country City Investment
The Singapore Land Authority (SLA) has already granted 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 an overall gross floor location (GFA) of roughly 139,700 sq ft, was handed out to Country City Investment.
In a Dec 8 launch, Country City Investment states it prepares to revitalize the real estate with considerate flexible recycle and activation of the site’s heritage forms and open areas. “Our hope is to maintain the history of the estate whilst changing it right into a location where individuals from all profession can gather up, check out and feel comfortable, from eating and health to knowing, play and a curated retail offering,” states Dylan Soh, business property development supervisor at Nation City Investment.
The tender for the Moulmein Road area closed up in August this year, attracting 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.
Country City Investment is a Singapore-based property developer best recognized for developing the Dempsey Hillside way of living enclave. In 2006, the firm was granted the SLA tenders for 2 spots at Dempsey Roadway and Dempsey Hillside, in which it improved right into a lifestyle and leisure cluster with dining establishments, retail and leisure offers that kicked off in 2007.
The renewed building is going to consist of thematic areas made for various age and attractions, dining establishments and coffee shops, sporting activities and health establishments, enrichment and discovering rooms, and pet-friendly locations. “We are constructing a place that honors traditions, advocates sustainability, and provides significant expertises for homeowners and guests similarly,” includes Soh. It is register to start in 1Q2027.
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 each month, that originated 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 Contagious Conditions Facility. 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 Health Center. 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.
SLA had already started the rate and quality tender for the location in May 2025. The tender listed a selection of authorized usages for the area, entailing co-living slots, health, fitness, pet-friendly services, art gallery, and learning programs, 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.
