Gerald Crescent Redevelopment Site Up For Sale For $25mil
An improving plot at 2F Gerald Crescent was released up for sale through tender utilizing a lead amount of $25 mil, revealed only promotion rep Edmund Tie.
This formulates to close to $785 per square ft accorded to the site’s measurement of 2,962.0 sq m.
Situated among the Seletar Hills landed homes area, the 9hundred 99 years hire agreement site is utilized by an unused house.
The ordinary designed location, which is zoned for 3 floors different landed housing shown in the 2K19 Master Plan, is gone with for “a range of landed homes forms plus mixtures”, shared the advertising rep.
It is close to Sungei Punggol river in addition to the Punggol PC. Edmund Tie wrote that arrangements are advancing “to reconstruct the nearby Punggol Reservoir in the direction of through to a dynamic space for family water activities as section of the present Master Plan”.
Eating, purchasing and also leisure services amongst the location contain The Seletar Mall, Greenwich V, The Oval @ SAP and also Seletar Country Club.
The residential property is in addition close-by multiple colleges such as NCHS, Rosyth School, Nanyang Polytechnic, AIS as well as IFS.
” Large reconditioning spots for landed property are seldom in the market. The residential property, that is remained by a solo owner, furthermore offers an outstanding opportunity for prompt redevelopment,” announced Ms Swee, Executive Director of Inv Advisory over at ET&Co.
Aside from residence builders interested on subdividing the spot to more than one landed houses, Ms Swee in addition foresees enthusiasm “from HNW along with multi-generational family groups aiming to buy for their own reside”.
” With limited stock of landed home in Singapore, a developing pattern to get bigger houses due to work-from-home arrangements and also an economical interest rate atmosphere, we look forward to pursuit for landed property to continue to be sturdy.”
The tender to get 2F Gerald Crescent ends on 9Feb 21.
