SLA awards tender for Moulmein Road site to Country City Investment
In a Dec 8 launch, Country City Investment claims it prepares to revive the real estate with considerate flexible recycle and activation of the site’s heritage forms and open areas. “Our hope is to protect the ancestry 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 out and health to knowing, play and a curated retail offering,” claims Dylan Soh, business growth supervisor at Nation City Investment.
SLA had actually released the cost and quality tender for the location in May 2025. The tender identified a selection of authorized usages for the area, consisting of co-living spots, health, fitness and health, pet-friendly services, art gallery, and learning programs, and many more. 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 renewed real property is going to consist of thematic areas made 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 developing a venue that commemorates historical past, advocates sustainability, and provides significant expertises for homeowners and guests similarly,” includes Soh. It is register to launch in 1Q2027.
Country City Investment is a Singapore-based property developer best understood for developing the Dempsey Hillside way of life enclave. In 2006, the business was granted the SLA tenders for 2 places at Dempsey Roadway and Dempsey Hillside, that it converted right into a lifestyle and leisure cluster with eating establishments, retail and entertainment services that started in 2007.
The Singapore Land Authority (SLA) has already granted the tender for a collection of heritage real properties at 2 Moulmein Roadway. The master occupancy for the place, that makes up over 40 establishments with an overall gross floor location (GFA) of around 139,700 sq ft, was handed out to Country City Investment.
Country City Investment’s proposal 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.
The tender for the Moulmein Road area closed up 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 use is for a five-year term with the choice to restore for one more 4 years.
Situated near the Novena part, the site has an acreage of 985,350 sq ft. Initially founded in 1913 as the Middleton Medical facility, the spot 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 place just within Tan Tock Seng Medical Facility. It stayed with Tan Tock Seng Health Center up until it was gone back to the state in 2023. It is just within strolling proximity of the Novena MRT Stop.
