Holland Rise GCB Site For Sale For $68mil
A Holland Rise GCB site comprising 3 adjacent lots of ground is in the market for transaction by means of EOI with an indicative rate of $68 million, announced restricted advertising and marketing specialist Cushman & Wakefield.
The freehold untenanted plots are situated amongst the Holland Rise Good Class Bungalow Area, occupying a total acreage of 52,992 sq foot.
CWK Executive Director of Capital Markets Shaun Poh indicated that buyers receive the alternative to get a solo piece or various grounds.
Accessible through two dead ends– one at East Sussex Lane and one more at Holland Rise, the estate is neighboring Holland Village Mass Rapid Transit terminal and also the several F&B providings together with everyday life features inside the Holland Village neighborhood.
The house is also a ten to fifteen mins’ drive to the CBD and even Orchard Road.
“Circumstance to get hold of gigantic adjacent GCB property pieces just like this particular continue to be incredibly scarce,” explained Poh.
In spite of the global widespread, the Good Class Bungalow sector signed up relatively lively sales, by having a GCB at 1 Chatsworth Park performed for $44 million ($2,082 per square ft on land) last mth.
“Closer to the premises at neighboring Oei Tiong Ham Park, 17A Leedon Park got clinched last Sept at $73 mil ($1,643 per sq foot on land). These deals are testament to Good Class Bungalow being a appealing plus genuinely tough property class,” further mentioned Shaun.
The expression of interest activity for the Holland Rise GCB site ends on 9Feb 21.