Holland Rise GCB Site For Sale For $68mil
A Holland Rise Good Class Bungalow location consisting of three adjoining plots of property is promote for sale via expression of interest with a suggestive price of $68 million, announced exclusive advertising and marketing real estate agent CWK.
The free of lease untaken plots lie inside the Holland Rise GCB Vicinity, covering a total land area of 4923.12 sq meter.
CWK ED of Capital Markets Shaun Poh mentioned that investors hold the alternative to secure a single piece or a number of lots.
Reachable through 2 dead ends– one at East Sussex Ln including another at Holland Rise, the residential property is close-by Holland Village Mass Rapid Transit terminal and also the different Food and Beverage providings and life style facilities located in the Holland Village spot.
The land is at the same time a 10 to fifteen minutes’ drive to the Central Business District and even Orchard Road.
“Advantage to obtain huge adjoining GCB property pieces such as this kind continue to be extremely out of the ordinary,” asserted Shaun.
Despite having the COVID-19, the Good Class Bungalow market listed rather enthusiastic transactions, with a Good Class Bungalow at 1 Chatsworth Park worked out a deal for $Forty-four mil ($2.082K psf on ground) previous mth.
“Closer to the house at close-by Oei Tiong Ham Park, 17A Leedon Park got performed previous September at $73 mil ($1,643 per sq ft on ground). Such transactions are testimony to Good Class Bungalow being a genuinely irrepressible and also desirable land class,” further mentioned Shaun.
The EOI exercise for the Holland Rise GCB plot ceases on 9 Feb.