SLA says the site will be transformed into a “lively destination that will leverage its vast open spaces and heritage architecture creatively to introduce thematic zones to cater to different age groups”.
The redevelopment will introduce F&B, retail, sports and wellness, pet-friendly areas and community spaces; and is slated to open in 1Q2027, according to Country City Investment business development manager Dylan Soh.
“Our focus is on creating a place that will grow with Singapore for generations,” says Soh in a Dec 8 press release. “We are building a destination that celebrates heritage, champions sustainability and offers meaningful experiences for residents and visitors alike.”
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More details on the redevelopment timeline and upcoming plans will be shared as the project progresses, says Country City Investment.
SLA launched 2 Moulmein Road for tender in May this year, drawing 13 bidders.
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Of the 44 heritage buildings, 23 are subject to addition and alteration guidelines. The other 21 buildings cannot be demolished, but are exempt from those guidelines.
Country City Investment had bid $388,800 a month for the master tenancy — the highest offer among the 13 bidders. This constituted 40% of the tender evaluation, according to SLA, with the quality of developers’ concepts making up the remaining 60% weightage.
Since 2007, Country City Investment has managed parts of the SLA’s Dempsey Hill cluster.
Photos: Country City Investment
Table: SLA
