Holland Rise GCB Site For Sale For $68mil
A Holland Rise Good Class Bungalow location making up three adjacent plots of property is promote for sale by expression of interest with an indicative price of $68 million, announced restricted marketing real estate agent CWK.
The freehold uninhabited pieces are nestled around the Holland Rise Good Class Bungalow Vicinity, sitting a total land area of 52,992 square ft.
Cushman & Wakefield ED of Capital Markets Shaun Poh noted that clients hold the alternative to secure an individual plot or various grounds.
Reachable via 2 dead-end streets– one at East Sussex Ln and also another at Holland Rise, the property is neighboring Holland V MRT station and also the several Food and Beverage providings and also daily life amenities in the Holland V area.
The house is at the same time a 10 to fifteen mins’ travel to the CBD and even Orchard Road.
“Opportunities to secure gigantic adjoining GCB property plots such as this continue to be particularly unfrequent,” said Poh.
Regardless of the pandemic, the Good Class Bungalow market registered rather energetic transactions, with a Good Class Bungalow at 1 Chatsworth Park worked out a deal for $44 mil ($2,082 per sq ft on land) previous mth.
“Stone throw away to the property at close-by Oei Tiong Ham Park, 17A Leedon Park got clinched last September at $Seventy-three mil ($1.643K per sq foot on land). All of these purchases are testimony to GCBs being a enticing and also very resilient house selection,” added Poh.
The expression of interest movement for the Holland Rise Good Class Bungalow location finalizes on 9Feb 21.