SLA awards tender for Moulmein Road site to Country City Investment
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 developing a place that honors traditions, advocates sustainability, and provides significant expertises for locals and guests as well,” includes Soh. It is register to start in 1Q2027.
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 place, that consists of over 40 establishments with an overall gross floor location (GFA) of around 139,700 sq ft, was granted to Country City Investment.
Found near the Novena place, the site has an acreage of 985,350 sq ft. Initially developed in 1913 as the Middleton Medical center, the spot later on progressed right into the Contagious Illness Facility. The place was actually shut in 2018 when the National Centre for Contagious Diseases was relocated to a brand-new location just within Tan Tock Seng Healthcare Facility. It stayed with Tan Tock Seng Health Center up until it was gone back to the state in 2023. It is in just strolling range of the Novena MRT Stop.
The tender for the Moulmein Road area shut off in August this year, attracting 13 proposals. Country City Investment became the leading prospective buyer, with a leasing proposal of $388,800 monthly. The master use is for a five-year term with the alternative to restore for an additional 4 years.
Country City Investment is a Singapore-based realty developer best recognized for producing the Dempsey Hillside way of life enclave. In 2006, the business was granted the SLA tenders for 2 spots at Dempsey Roadway and Dempsey Hillside, that it changed right into a lifestyle and leisure cluster with eating establishments, retail and leisure offers that started in 2007.
In a Dec 8 launch, Country City Investment states it prepares to revitalize the real property 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 a location where customers from all profession can get together, check out and feel comfortable, from eating and health to discovering, play and a curated retail offering,” states Dylan Soh, business property development executive at Nation 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 each month, that emerged from Cherryloft Resorts and Hotels.
SLA had actually started the rate and quality tender for the location in May 2025. The tender indicated a selection of authorized usages for the area, entailing co-living spots, health, fitness and health, pet-friendly services, art gallery, and scholastic programs, to name a few. Around 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.
