SLA awards tender for Moulmein Road site to Country City Investment
Country City Investment is a Singapore-based realty developer best recognized for developing 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 improved right into a lifestyle and leisure cluster with dining establishments, retail and entertainment services that kicked off in 2007.
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.
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 each month. The master contract is for a five-year term with the choice to restore for an additional 4 years.
SLA had already released 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 and health, pet-friendly services, art gallery, and scholastic plans, to name a few. Around 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 overhauled 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 place that commemorates historical past, advocates sustainability, and provides significant expertises for locals and guests as well,” includes Soh. It is register to start in 1Q2027.
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In a Dec 8 launch, Country City Investment claims it intends to revive the real estate with considerate flexible recycle and activation of the site’s heritage forms and open areas. “Our hope is to protect the ancestry of the estate whilst changing it right into an area where customers from all profession can gather up, check out and feel comfortable, from eating and health to discovering, play and a curated retail offering,” claims Dylan Soh, business property development supervisor at Nation City Investment.
Found near the Novena part, 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 Contagious Illness Facility. The place was actually shut in 2018 when the National Centre for Contagious Diseases was relocated to a brand-new place inside Tan Tock Seng Medical Facility. It stayed with Tan Tock Seng Healthcare Facility till it was gone back to the state in 2023. It is just within strolling proximity of the Novena MRT Stop.
The Singapore Land Authority (SLA) has already allocated 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 a complete gross floor location (GFA) of roughly 139,700 sq ft, was rewarded to Country City Investment.
