SLA awards tender for Moulmein Road site to Country City Investment
Found near the Novena part, the site has an acreage of 985,350 sq ft. Initially founded in 1913 as the Middleton Medical facility, the location later on developed right into the Infectious Illness Facility. The place was actually closed up in 2018 when the National Centre for Contagious Diseases was transferred 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 proximity of the Novena MRT Stop.
In a Dec 8 launch, Country City Investment claims it intends to refresh the real property with 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 out and health to discovering, play and a curated retail offering,” claims Dylan Soh, business property development supervisor at Nation City Investment.
The renewed building is going to consist of thematic areas made 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 developing a venue that commemorates historical past, advocates sustainability, and provides significant expertises for locals and guests similarly,” includes Soh. It is register to launch in 1Q2027.
SLA had actually opened the cost and quality tender for the location in May 2025. The tender indicated a range of authorized usages for the area, consisting of co-living slots, 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.
Country City Investment is a Singapore-based realty developer best understood 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, that it changed right into a lifestyle and leisure cluster with eating establishments, retail and entertainment offers that kicked off in 2007.
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 emerged from Cherryloft Resorts and Hotels.
The Singapore Land Authority (SLA) has already allocated the tender for a collection of heritage real estates at 2 Moulmein Roadway. The master occupancy for the place, that makes up over 40 facilities with a complete gross floor location (GFA) of about 139,700 sq ft, was rewarded to Country City Investment.
The tender for the Moulmein Road area closed up in August this year, attracting 13 quotes. 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 one more 4 years.
