SLA awards tender for Moulmein Road site to Country City Investment
Country City Investment is a Singapore-based property developer best recognized for developing the Dempsey Hillside way of living enclave. In 2006, the business was granted the SLA tenders for 2 places at Dempsey Roadway and Dempsey Hillside, that it converted right into a lifestyle and leisure cluster with dining establishments, retail and entertainment offers that started in 2007.
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 location, that makes up over 40 facilities with a complete gross floor location (GFA) of roughly 139,700 sq ft, was handed out to Country City Investment.
SLA had already opened the rate and quality tender for the location in May 2025. The tender identified a range of authorized usages for the area, entailing co-living spots, health, fitness and health, pet-friendly services, art gallery, and scholastic programs, and many more. 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 building is going to consist of thematic areas made for various age and attractions, dining establishments and coffee shops, sporting activities and health establishments, enrichment and discovering areas, and pet-friendly locations. “We are constructing a place that honors traditions, advocates sustainability, and provides significant expertises for citizens and guests as well,” includes Soh. It is register to launch in 1Q2027.
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 alternative to restore for one more 4 years.
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 each month, that emerged from Cherryloft Resorts and Hotels.
Found near the Novena part, the site has an acreage of 985,350 sq ft. Initially founded in 1913 as the Middleton Medical facility, the location later on progressed right into the Transmittable Conditions 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 Health Center. It continued to be with Tan Tock Seng Medical Facility up until it was gone back to the state in 2023. It is in just strolling range of the Novena MRT Terminal.
In a Dec 8 launch, Country City Investment states it intends to revitalize the real property via considerate flexible recycle and activation of the site’s heritage forms and open areas. “Our hope is to maintain the history of the estate whilst changing it right into a location where customers from all profession can get together, check out and feel comfortable, from eating out and health to understanding, play and a curated retail offering,” claims Dylan Soh, business growth executive at Nation City Investment.
