SLA awards tender for Moulmein Road site to Country City Investment
Country City Investment is a Singapore-based property developer best understood for developing 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, that it converted right into a lifestyle and leisure cluster with dining establishments, retail and leisure offers that kicked off in 2007.
Situated near the Novena part, the site has an acreage of 985,350 sq ft. Initially founded in 1913 as the Middleton Medical center, the website later on developed right into the Transmittable Illness Center. The place was actually closed up in 2018 when the National Centre for Contagious Diseases was relocated to a brand-new location just within Tan Tock Seng Medical Facility. 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 range of the Novena MRT Stop.
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 monthly, that originated from Cherryloft Resorts and Hotels.
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 proposal of $388,800 each month. The master use is for a five-year term with the choice to restore for one more 4 years.
SLA had actually opened the cost and quality tender for the spot 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 learning 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.
In a Dec 8 launch, Country City Investment claims it intends to revive the real estate via 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 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 executive at Nation City Investment.
The overhauled real property is going to consist of thematic areas developed for various age and attractions, dining establishments and coffee shops, sporting activities and health centers, enrichment and discovering areas, and pet-friendly locations. “We are developing a location that honors 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 already allocated the tender for a collection of heritage real estates at 2 Moulmein Roadway. The master occupancy for the place, that makes up over 40 facilities with a complete gross floor location (GFA) of roughly 139,700 sq ft, was granted to Country City Investment.
