SLA awards tender for Moulmein Road site to Country City Investment
Country City Investment is a Singapore-based property developer best recognized 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 leisure services that launched in 2007.
In a Dec 8 launch, Country City Investment claims it prepares to revitalize the real estate 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 individuals from all profession can get together, discover 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.
SLA had already opened the rate and quality tender for the spot in May 2025. The tender listed a selection of authorized usages for the place, entailing 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 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 place, that consists of over 40 facilities with an overall gross floor location (GFA) of roughly 139,700 sq ft, was handed out to Country City Investment.
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 honors historical past, advocates sustainability, and provides significant expertises for homeowners and guests similarly,” includes Soh. It is register to start in 1Q2027.
Upperhouse UOL Group Limited and Singapore Land Group (Singland)
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 proposal of $388,800 monthly. The master contract is for a five-year term with the choice to restore for an additional 4 years.
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.
Situated near the Novena space, the site has an acreage of 985,350 sq ft. Initially founded in 1913 as the Middleton Medical facility, the website later on developed right into the Contagious Illness Center. The place was actually shut in 2018 when the National Centre for Contagious Diseases was transferred to a brand-new location inside Tan Tock Seng Health Center. It stayed with Tan Tock Seng Medical Facility till it was gone back to the state in 2023. It is in just strolling range of the Novena MRT Terminal.
