Holland Rise GCB Site For Sale For $68mil
A Holland Rise GCB location comprising three adjacent grounds of property is advertised for sale through expression of interest with a suggestive price of $68 mil, disclosed privileged marketing professional CWK.
The free of lease uninhabited lots are located around the Holland Rise GCB Community, utilizing a joint land area of 4923.12 sq meter.
Cushman & Wakefield ED of Capital Markets Shaun Poh indicated that investors carry the selection to purchase an individual plot or more than one grounds.
Easily accessible through two blind alleys– 1 at East Sussex Lane along with one more at Holland Rise, the premises is close to Holland Village MRT terminal as well as the a variety of Food and Beverage services also daily life conveniences in the Holland V neighborhood.
The house is also a ten to fifteen minutes’ drive to the Central Business District plus Orchard Road.
“Possibility to obtain huge adjoining Good Class Bungalow land lots such as this continue to be tremendously unusual,” explained Poh.
Despite the global widespread, the Good Class Bungalow industry recorded rather active sales, by having a Good Class Bungalow at 1 Chatsworth Park negotiated for $Forty-four mil ($2,082 per sq ft on land) last calendar month.
“Closer to the house at neighboring Oei Tiong Ham Park, 17A Leedon Park was worked out a deal previous Sept at $Seventy-three million ($1.643K psf on land). All these deals are testimony to GCBs being a greatly sturdy also enticing residential property type,” mentioned further Poh.
The EOI movement for the Holland Rise GCB spot ends on 9February 2021.