SLA awards tender for Moulmein Road site to Country City Investment
Country City Investment is a Singapore-based realty developer best recognized for producing the Dempsey Hillside way of life 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 offers that launched in 2007.
SLA had already started the rate and quality tender for the spot in May 2025. The tender listed a range of accepted usages for the place, consisting of co-living spots, health, fitness, 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 closed up in August this year, inviting 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 an additional 4 years.
The renewed 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 rooms, 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 start in 1Q2027.
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 spot later on developed right into the Contagious Illness Facility. The place was actually closed up in 2018 when the National Centre for Contagious Diseases was transferred to a brand-new location just within Tan Tock Seng Medical Facility. It stayed with Tan Tock Seng Healthcare Facility up until it was gone back to the state in 2023. It is in just 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% greater than the second-highest bid of $382,000 each month, that originated from Cherryloft Resorts and Hotels.
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 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, check out 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 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 location, that makes up over 40 structures with an overall gross floor location (GFA) of roughly 139,700 sq ft, was granted to Country City Investment.
