SLA awards tender for Moulmein Road site to Country City Investment
In a Dec 8 launch, Country City Investment states it prepares to revitalize the real estate via 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 a location where individuals from all profession can gather up, check out and feel comfortable, from eating out and health to knowing, play and a curated retail offering,” states Dylan Soh, business property development executive at Nation 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 quote of $388,800 each month. 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% greater than the second-highest bid of $382,000 each month, that emerged from Cherryloft Resorts and Hotels.
SLA had already released the cost and quality tender for the location in May 2025. The tender indicated a range of accepted usages for the area, consisting of co-living spots, 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 renewed real property 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 areas, and pet-friendly locations. “We are constructing a venue that commemorates historical past, advocates sustainability, and provides significant expertises for citizens and guests similarly,” includes Soh. It is register to launch in 1Q2027.
The Singapore Land Authority (SLA) has recently granted the tender for a collection of heritage real properties at 2 Moulmein Roadway. The master occupancy for the place, that consists of over 40 establishments with an overall gross floor location (GFA) of about 139,700 sq ft, was rewarded 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 spots at Dempsey Roadway and Dempsey Hillside, that it improved right into a lifestyle and leisure cluster with eating establishments, retail and entertainment offers that launched in 2007.
Found near the Novena place, the site has an acreage of 985,350 sq ft. Initially founded in 1913 as the Middleton Medical center, the spot later on progressed right into the Transmittable Conditions Facility. The place was actually closed up in 2018 when the National Centre for Contagious Diseases was transferred to a brand-new place inside Tan Tock Seng Health Center. It continued to be with Tan Tock Seng Medical Facility till it was gone back to the state in 2023. It is just within strolling proximity of the Novena MRT Terminal.
