SLA awards tender for Moulmein Road site to Country City Investment
In a Dec 8 launch, Country City Investment states it prepares to revive the real property via considerate flexible recycle and activation of the site’s heritage designs and open areas. “Our hope is to protect the ancestry of the estate whilst changing it right into an area where customers from all profession can get together, discover and feel comfortable, from eating out and health to knowing, play and a curated retail offering,” states Dylan Soh, business growth executive at Nation City Investment.
The renewed building is going to consist of thematic areas developed for various age and activities, dining establishments and coffee shops, sporting activities and health centers, enrichment and discovering areas, and pet-friendly locations. “We are constructing a place that honors historical past, advocates sustainability, and provides significant expertises for locals 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, that it changed right into a lifestyle and leisure cluster with eating establishments, retail and leisure services that launched in 2007.
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 location 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 just within Tan Tock Seng Medical Facility. It continued to be with Tan Tock Seng Health Center till it was gone back to the state in 2023. It is in just strolling proximity of the Novena MRT Terminal.
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.
SLA had actually started the cost and quality tender for the spot in May 2025. The tender identified a range of authorized usages for the place, consisting of co-living spots, health, fitness, pet-friendly services, art gallery, and learning 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 recently allocated the tender for a collection of heritage real estates at 2 Moulmein Roadway. The master occupancy for the place, that consists of over 40 structures with an overall gross floor location (GFA) of about 139,700 sq ft, was granted 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 monthly. The master contract is for a five-year term with the alternative to restore for an additional 4 years.
