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 living enclave. In 2006, the business 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 services that started in 2007.
In a Dec 8 launch, Country City Investment claims it intends to refresh 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 individuals from all profession can gather up, discover and feel comfortable, from eating and health to knowing, play and a curated retail offering,” states Dylan Soh, business property development executive at Nation City Investment.
The overhauled building 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 homeowners and guests as well,” includes Soh. It is register to launch in 1Q2027.
Country City Investment’s proposal of $388,800 in a month rental fee 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 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 makes up over 40 establishments with a complete gross floor location (GFA) of about 139,700 sq ft, was rewarded to Country City Investment.
The tender for the Moulmein Road area closed up in August this year, attracting 13 proposals. Country City Investment became the leading prospective buyer, with a leasing quote of $388,800 monthly. The master use is for a five-year term with the alternative to restore for an additional 4 years.
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 progressed right into the Infectious Illness Center. The place was actually shut in 2018 when the National Centre for Contagious Diseases was relocated to a brand-new location just within Tan Tock Seng Medical Facility. It stayed with Tan Tock Seng Medical Facility till it was gone back to the state in 2023. It is in just strolling proximity of the Novena MRT Stop.
SLA had actually started the rate and quality tender for the spot in May 2025. The tender identified a selection of authorized usages for the place, consisting of co-living slots, health, fitness, pet-friendly services, art gallery, and scholastic 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.
