Gerald Crescent Redevelopment Site Up For Sale For $25mil
A redevelopment spot at 2F Gerald Cres. was introduced available by offer by a guide pricing of $Twenty Five mil, explained one and only promotion representative ET&Co.
The price works out to approximately $785 psf formed on the location’s measurement of 2,962.0 sq meter.
Placed inside the Seletar Hills landed home grounds, the 9hundred 99 years tenture spot is occupied by an abandoned bungalow.
The usual sized spot, that is sector for three-storey bundled landed property under the 2K19 Master Plan, is fit for “a range of landed homes kinds plus combinations”, reported the promotion specialist.
It is neighboring Sungei Punggol river along with the Punggol PC. ET&Co mentioned that plan of actions are ongoing “to convert the nearby Punggol Reservoir in to an enthusiastic area for leisure water functions as aspect of the latest Master Plan”.
Eating, buying and also leisure features inside the area include The Seletar Mall, Greenwich V, The Oval @ Seletar Aerospace Park and Seletar Country Club.
The residential property is additionally near several colleges consisting of NCHS, Rosyth Sch, NYP, AIS also IFS.
” Spacious improving locations for landed homes are infrequently offered. The residential property, that is possessed by a solitary homeowner, likewise gives a remarkable possibilities for urgent refitting,” revealed Ms Swee, Executive Director of Inv Advisory over at Edmund Tie.
Excluding domestic builders intent on subdividing the location to multiple landed residences, Shou Fern in addition anticipates curiosity “from HNW and also multi-generational homes seeking to invest for their private live in”.
” With restricted supply of landed property in SG, a developing pattern to attain larger properties as a result of work-from-home plans and also a reduced interest rate environment, everyone anticipate interest for landed homes to continue to be sturdy.”
The bid for 2F Gerald Crescent wraps up on 9 Feb.