Gerald Crescent Redevelopment Site Up For Sale For $25mil
A reconditioning site at 2F Gerald Crescent was released available with offer by a guide value of $Twenty-five mil, shared only marketing and advertising professional Edmund Tie.
This formulates to roughly $785 psf based upon the plot’s measurement of 31,882 sq foot.
Located inside the Seletar Hills landed housing estate, the nine hundred ninety nine years tenancy site is utilized by a bare bungalow.
The standard formed spot, that is area for 3 levels different landed homes under the 2K19 Master Plan, is suited for “a variation of landed house types as well as blendings”, shared the advertising representative.
It is close-by Sungei Punggol river alongside the Punggol Park Connector. ET&Co indicated the fact that plans are underway “to modify the nearby Punggol Reservoir into an active space for family water activities as part of the up to date Master Plan”.
Dining, purchasing and also recreational facilities inside of the area are The Seletar Mall, Greenwich V, The Oval @ Seletar Aerospace Park plus Seletar Country Club.
The property is likewise nearby several schools consisting of NCHS, Rosyth Sch, Nanyang Polytechnic, AIS plus IFS.
” Sizable refurbishing locations for landed home are hardly offered. The property, which is possessed by a sole property owner, also offers an exceptional benefit for prompt refitting,” claimed Swee Shou Fern, ED of Inv Advisory at ET&Co.
Excluding property builders intent on splitting the site to several landed residences, Ms Swee also anticipates curiosity “from HNW and multi-generational family groups looking to acquire for their private stay”.
” With constrained stock of landed house in Singapore, an evolving mode for larger houses caused by WFH arrangements as well as an economical rates of interest atmosphere, everyone foresee pursuit for landed property to maintain solid.”
The bid to obtain 2F Gerald Crescent wraps up on 9 February.
