SLA awards tender for Moulmein Road site to Country City Investment
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 monthly, that emerged from Cherryloft Resorts and Hotels.
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 spots at Dempsey Roadway and Dempsey Hillside, in which it improved right into a lifestyle and leisure cluster with dining establishments, retail and entertainment offers that kicked off in 2007.
Situated near the Novena space, the site has an acreage of 985,350 sq ft. Initially developed in 1913 as the Middleton Medical facility, the website later on developed right into the Infectious Conditions Facility. The place was actually closed up in 2018 when the National Centre for Contagious Diseases was transferred to a brand-new place just within Tan Tock Seng Healthcare Facility. It stayed with Tan Tock Seng Medical Facility till it was gone back to the state in 2023. It is just within strolling range of the Novena MRT Terminal.
SLA had actually started the cost and quality tender for the spot in May 2025. The tender identified a range of accepted usages for the area, entailing co-living slots, health, fitness and health, pet-friendly services, art gallery, and scholastic plans, 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 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 each month. The master use is for a five-year term with the choice to restore for an additional 4 years.
The Singapore Land Authority (SLA) has recently allocated 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 roughly 139,700 sq ft, was rewarded to Country City Investment.
In a Dec 8 launch, Country City Investment states it prepares to revitalize the real property 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 an area where individuals from all profession can get together, discover and feel comfortable, from eating and health to discovering, play and a curated retail offering,” claims Dylan Soh, business property development supervisor at Nation City Investment.
The overhauled real property 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 areas, and pet-friendly locations. “We are constructing a location that honors historical past, advocates sustainability, and provides significant expertises for locals and guests similarly,” includes Soh. It is register to start in 1Q2027.
