SLA awards tender for Moulmein Road site to Country City Investment
The Singapore Land Authority (SLA) has already granted the tender for a collection of heritage real properties at 2 Moulmein Roadway. The master occupancy for the location, that makes up over 40 establishments with a complete gross floor location (GFA) of around 139,700 sq ft, was handed out to Country City Investment.
Country City Investment is a Singapore-based property developer best recognized for producing the Dempsey Hillside way of life enclave. In 2006, the firm was granted the SLA tenders for 2 places at Dempsey Roadway and Dempsey Hillside, in which it converted right into a lifestyle and leisure cluster with eating establishments, retail and entertainment services that started in 2007.
The tender for the Moulmein Road area closed up in August this year, inviting 13 quotes. Country City Investment became the leading prospective buyer, with a leasing quote of $388,800 monthly. The master use is for a five-year term with the choice to restore for one more 4 years.
Country City Investment’s proposal 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.
SLA had already started the rate and quality tender for the location in May 2025. The tender listed a selection of authorized usages for the place, consisting of co-living slots, health, fitness and health, pet-friendly services, art gallery, and scholastic 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.
In a Dec 8 launch, Country City Investment states it prepares to refresh the real property via considerate flexible recycle and activation of the site’s heritage forms 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 gather up, check out and feel comfortable, from eating out and health to knowing, play and a curated retail offering,” claims Dylan Soh, business property development executive at Nation City Investment.
The overhauled building is going to consist of thematic areas created 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 historical past, advocates sustainability, and provides significant expertises for citizens and guests similarly,” includes Soh. It is register to launch in 1Q2027.
Found near the Novena space, the site has an acreage of 985,350 sq ft. Initially built in 1913 as the Middleton Medical facility, the website later on progressed right into the Transmittable Illness Center. The place was actually shut in 2018 when the National Centre for Contagious Diseases was transferred to a brand-new place inside Tan Tock Seng Healthcare Facility. It stayed with Tan Tock Seng Healthcare Facility up until it was gone back to the state in 2023. It is in just strolling range of the Novena MRT Stop.
