28 Stevens Road

28 Stevens Road is the site of the Mercure and Novotel hotels, previously occupied by The Pines Country Club, located in the prime Tanglin area of District 10.

Key Property Details

• Historical Transactions: Oxley Holdings acquired the land (formerly The Pines Country Club site) for S$318 million. More recently, Oxley accepted a Letter of Intent (LOI) for the sale of the Mercure and Novotel hotels at 28 and 30 Stevens Road for a total of S$950 million.
• Nearby Developments:
  • Stevens Loft (Stevens Drive): Freehold condo by Ideal Homes Pte Ltd, 28 units on 1,875 sqm land. Recent sale prices average S$1,817 psf (last 12 months), with highest at S$2,067 psf (Jan 2024, 861 sqft unit). Rental yield at 3.2%.
  • 38 Stevens Road: Freehold condo completed in 1989, 4,658 sqm land, 7,466 sqm GFA.
  • The Equatorial: Condo along Stevens Road, near Stevens (DT10, TE11) and Botanic Gardens (DT9, CC19) MRTs.
• Location Perks: Prestigious Tanglin neighbourhood with embassies, Botanic Gardens, top schools, Cold Storage grocery, and strong connectivity. District 10 attracts buyers for luxury homes near Bukit Timah Hill and international hubs.

For full transaction history, floor plans, or listings, check EdgeProp Singapore. Contact agents like Christopher Goh (PLB Realty, R021671F) for Stevens Loft reports.