SLA awards tender for Moulmein Road site to Country City Investment
The overhauled real property 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 rooms, and pet-friendly locations. “We are constructing a location that honors traditions, advocates sustainability, and provides significant expertises for locals and guests similarly,” includes Soh. It is register to launch in 1Q2027.
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 progressed 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 place just within Tan Tock Seng Healthcare 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 range of the Novena MRT Stop.
In a Dec 8 launch, Country City Investment claims it intends to revitalize 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 discovering, play and a curated retail offering,” claims Dylan Soh, business property development supervisor at Nation City Investment.
SLA had actually opened the cost and quality tender for the spot in May 2025. The tender identified a range of authorized usages for the place, entailing co-living spots, health, fitness, pet-friendly services, art gallery, and scholastic programs, 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 already granted the tender for a collection of heritage real estates at 2 Moulmein Roadway. The master occupancy for the location, that consists of over 40 facilities with an overall gross floor location (GFA) of around 139,700 sq ft, was granted to Country City Investment.
The tender for the Moulmein Road area closed up in August this year, inviting 13 proposals. Country City Investment became the leading prospective buyer, with a leasing quote of $388,800 each month. The master contract is for a five-year term with the alternative to restore for one more 4 years.
Country City Investment’s quote of $388,800 in a month lease for 2 Moulmein Road is 1.78% more than the second-highest bid of $382,000 each month, that emerged from Cherryloft Resorts and Hotels.
Country City Investment is a Singapore-based realty developer best recognized for producing the Dempsey Hillside way of life enclave. In 2006, the firm was granted the SLA tenders for 2 spots at Dempsey Roadway and Dempsey Hillside, in which it changed right into a lifestyle and leisure cluster with eating establishments, retail and leisure services that started in 2007.
