SLA awards tender for Moulmein Road site to Country City Investment
SLA had already released the rate and quality tender for the spot in May 2025. The tender indicated a selection of authorized usages for the place, entailing 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.
Country City Investment is a Singapore-based realty developer best understood for producing the Dempsey Hillside way of living enclave. In 2006, the firm was granted the SLA tenders for 2 spots at Dempsey Roadway and Dempsey Hillside, that it improved right into a lifestyle and leisure cluster with eating establishments, retail and entertainment services that launched in 2007.
The tender for the Moulmein Road area shut off in August this year, attracting 13 quotes. Country City Investment became the leading prospective buyer, with a leasing quote of $388,800 monthly. The master contract is for a five-year term with the alternative to restore for one more 4 years.
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 establishments, enrichment and discovering areas, and pet-friendly locations. “We are developing a location that honors traditions, advocates sustainability, and provides significant expertises for homeowners and guests as well,” includes Soh. It is register to launch in 1Q2027.
Country City Investment’s quote 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 originated from Cherryloft Resorts and Hotels.
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 facilities with a complete gross floor location (GFA) of around 139,700 sq ft, was granted to Country City Investment.
In a Dec 8 launch, Country City Investment states it prepares to refresh the real estate with considerate flexible recycle and activation of the site’s heritage forms and open areas. “Our hope is to maintain the history of the estate whilst changing it right into an area where individuals from all profession can gather up, check out and feel comfortable, from eating and health to understanding, play and a curated retail offering,” claims Dylan Soh, business property development supervisor at Nation City Investment.
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 Contagious Illness Facility. The place was actually closed up in 2018 when the National Centre for Contagious Diseases was relocated to a brand-new location inside Tan Tock Seng Medical Facility. It continued to be with Tan Tock Seng Medical Facility up until it was gone back to the state in 2023. It is just within strolling range of the Novena MRT Stop.
