SLA awards tender for Moulmein Road site to Country City Investment
In a Dec 8 launch, Country City Investment claims it prepares to revitalize the real property with considerate flexible recycle and activation of the site’s heritage designs and open areas. “Our hope is to protect the ancestry of the estate whilst changing it right into a location where customers from all profession can gather up, discover 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.
Found near the Novena space, the site has an acreage of 985,350 sq ft. Initially developed in 1913 as the Middleton Medical center, the website later on progressed right into the Contagious Illness Center. The place was actually closed up in 2018 when the National Centre for Contagious Diseases was transferred to a brand-new place just within Tan Tock Seng Healthcare Facility. It stayed with Tan Tock Seng Medical Facility up until it was gone back to the state in 2023. It is in just strolling proximity of the Novena MRT Terminal.
The renewed real property is going to consist of thematic areas created 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 place that commemorates traditions, advocates sustainability, and provides significant expertises for locals and guests as well,” includes Soh. It is register to launch in 1Q2027.
Country City Investment’s quote of $388,800 in a month lease for 2 Moulmein Road is 1.78% greater than the second-highest bid of $382,000 monthly, that originated from Cherryloft Resorts and Hotels.
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 location, that consists of over 40 structures with an overall gross floor location (GFA) of roughly 139,700 sq ft, was rewarded to Country City Investment.
SLA had already started the cost and quality tender for the location in May 2025. The tender listed a range of authorized usages for the place, consisting of co-living slots, health, fitness and health, pet-friendly services, art gallery, and learning 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.
The tender for the Moulmein Road area shut off 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 contract is for a five-year term with the alternative to restore for an additional 4 years.
Country City Investment is a Singapore-based property developer best recognized for producing the Dempsey Hillside way of living enclave. In 2006, the business was granted the SLA tenders for 2 spots at Dempsey Roadway and Dempsey Hillside, in which it changed right into a lifestyle and leisure cluster with eating establishments, retail and leisure services that kicked off in 2007.
