SLA awards tender for Moulmein Road site to Country City Investment
SLA had already started the cost and quality tender for the spot 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 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 overhauled real property is going to consist of thematic areas created 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 place that commemorates traditions, advocates sustainability, and provides significant expertises for homeowners and guests as well,” includes Soh. It is register to launch in 1Q2027.
Country City Investment is a Singapore-based realty developer best understood for producing the Dempsey Hillside way of living 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 dining establishments, retail and entertainment services that kicked off in 2007.
The Singapore Land Authority (SLA) has recently 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 structures with a complete gross floor location (GFA) of around 139,700 sq ft, was rewarded to Country City Investment.
The tender for the Moulmein Road area shut off in August this year, inviting 13 proposals. Country City Investment became the leading prospective buyer, with a leasing proposal of $388,800 each month. The master use is for a five-year term with the alternative to restore for an additional 4 years.
In a Dec 8 launch, Country City Investment claims it intends to revive the real property via considerate flexible recycle and activation of the site’s heritage forms and open areas. “Our hope is to protect the history of the estate whilst changing it right into a location where individuals from all profession can gather up, discover and feel comfortable, from eating out and health to understanding, play and a curated retail offering,” states Dylan Soh, business growth executive at Nation City Investment.
Country City Investment’s quote of $388,800 in a month lease for 2 Moulmein Road is 1.78% greater than the second-highest bid of $382,000 monthly, that emerged from Cherryloft Resorts and Hotels.
Situated near the Novena part, the site has an acreage of 985,350 sq ft. Initially developed in 1913 as the Middleton Medical facility, the spot later on developed right into the Infectious Illness Center. The place was actually shut in 2018 when the National Centre for Contagious Diseases was transferred to a brand-new location just within Tan Tock Seng Health Center. It continued to be with Tan Tock Seng Health Center up until it was gone back to the state in 2023. It is in just strolling proximity of the Novena MRT Stop.
