SLA awards tender for Moulmein Road site to Country City Investment
The site includes over 40 buildings across a land area of 985,350 sq ft (Picture: Singapore Land Authority)
The Singapore Land Authority (SLA) has awarded the tender for a cluster of heritage properties at 2 Moulmein Road. The master tenancy for the site, which comprises over 40 buildings with a total gross floor area (GFA) of approximately 139,700 sq ft, was awarded to Country City Investment.
SLA had launched the price and quality tender for the site in May 2025. The tender specified a variety of approved uses for the site, including co-living spaces, wellness, health and fitness, pet-friendly services, art gallery, and educational programmes, among others. About 41,900 sq ft of GFA can be allotted for F&B and retail uses, with F&B use capped at about 20,956 sq ft.
Located near the Novena area, the site has a land area of 985,350 sq ft. First established in 1913 as the Middleton Hospital, the site later evolved into the Communicable Diseases Centre. The site was closed in 2018 when the National Centre for Infectious Diseases was moved to a new site within Tan Tock Seng Hospital. It remained with Tan Tock Seng Hospital until it was returned to the state in 2023. It is within walking distance of the Novena MRT Station.
The tender for the Moulmein Road site closed in August this year, drawing 13 bids. Country City Investment emerged as the top bidder, with a rental bid of $388,800 per month. The master lease is for a five-year term with the option to renew for another four years.
Bidding results for 2 Moulmein Road
Source: Singapore Land Authority
Country City Investment is a Singapore-based real estate developer best known for creating the Dempsey Hill lifestyle enclave. In 2006, the company was awarded the SLA tenders for two sites at Dempsey Road and Dempsey Hill, which it transformed into a lifestyle and entertainment cluster with restaurants, retail and recreational offerings that opened in 2007.
Country City Investment’s bid of $388,800 in monthly rent for 2 Moulmein Road is 1.78% higher than the second-highest bid of $382,000 per month, which came from Cherryloft Resorts and Hotels.
The revamped property will include a variety of spaces that encourage discovery, connection and play (Picture: Country City Investment)
In a Dec 8 release, Country City Investment says it plans to breathe new life into the property through thoughtful adaptive reuse and activation of the site’s heritage structures and open spaces. “Our hope is to preserve the heritage of the estate while transforming it into a place where people from all walks of life can gather, explore and feel at home, from dining and wellness to learning, play and a curated retail offering,” says Dylan Soh, business development manager at Country City Investment.
The revamped property will include thematic zones designed for different age groups and interests, restaurants and cafes, sports and wellness facilities, enrichment and learning spaces, and pet-friendly areas. “We are building a destination that celebrates heritage, champions sustainability, and offers meaningful experiences for residents and visitors alike,” adds Soh. It is slated to open in 1Q2027.
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