National monument House of Tan Yeok Nee on sale again for $92m

The property was last put on sale in 2018.

The historical mansion, the House of Tan Yeok Nee, is going on sale again for $92m, according to its exclusive marketing agent Savills Singapore.

Constructed in 1882, House of Tan Yeok Nee is the sole survivor of the 'Four Mansions' built by Teochew tycoons in the late 19th century. It is also one of only 73 buildings in Singapore gazetted as national monuments, and among only nine that are zoned “Commercial” and five that are privately-owned.

House of Tan Yeok Nee sits on a freehold land of approximately 26,321 square feet, with a strata floor area of approximately 58,480 square feet. Overlooking the Istana, it commands the area’s highest vantage point. As part of the Visioncrest mixed-use development, it is currently tenanted to an international educational institution, which provides an immediate stable income yield.

The property is strategically located at the junction of Clemanceau Avenue and Penang Road, House of Tan Yeok Nee enjoys a prominent frontage of approximately 50 metres and is a five-minute walk to Istana Park, Fort Canning Park and Plaza Singapura. It also has close proximity to Dhoby Ghaut Mass Rapid Transit ("MRT") interchange station, which serves the North-South Line, North-East Line and Circle Line, and Somerset MRT station, which serves the North-South Line.

The expression of interest will close at 3pm on 3 December 2021.