Holland Rise GCB Site For Sale For $68mil
A Holland Rise Good Class Bungalow site composing three adjacent grounds of property is advertised for transaction by EOI with a suggestive value of $Sixty Eight mil, revealed private advertising professional CWK.
The free of lease vacant grounds lie amongst the Holland Rise Good Class Bungalow Section, taking up an overall land area of 4923.12 sq meter.
CWK ED of Capital Markets Shaun Poh indicated that investors receive the opportunity to acquire a solo lot or various plots.
Easily accessible by means of two dead-end streets– one at East Sussex Lane and also an additional at Holland Rise, the residential property is close-by Holland Village Mass Rapid Transit terminal and also the various Food and Beverage providings along with life style features around the Holland V vicinity.
The house is also a 10 to 15 mins’ travel to the CBD and also Orchard Road.
“Opportunities to get hold of gigantic adjoining GCB property grounds like this particular had been incredibly unfrequent,” shared Shaun.
Irrespective of the COVID-19, the GCB market checked in fairly enthusiastic deals, by having a GCB at 1 Chatsworth Park negotiated for $Forty-four mil ($2.082K per sq ft on land) last mth.
“Closer to the property at close-by Oei Tiong Ham Park, 17A Leedon Park was worked out a deal last Sept at $Seventy-three million ($1,643 psf on land). All these purchases are evidence to GCBs being a extremely durable as well as alluring land selection,” said additionally Shaun.
The expression of interest exercise for the Holland Rise GCB plot finalizes on 9 Feb.