Holland Rise GCB Site For Sale For $68mil
A Holland Rise GCB area composing three adjacent plots of ground is up for sale by means of expression of interest with a suggestive deal of $Sixty Eight mil, announced private promotion and marketing real estate agent CWK.
The free of lease vacant grounds are nestled within the Holland Rise GCB Zone, sitting a joint land area of 52,992 square ft.
Cushman & Wakefield Executive Director of Capital Markets Shaun Poh mentioned that purchasers carry the option to get hold of a particular piece or multiple pieces.
Reachable by means of 2 cul-de-sacs– one at East Sussex Lane plus another at Holland Rise, the premises is close-by Holland V Mass Rapid Transit terminal in addition to the a variety of Food and Beverage services together with everyday life services located in the Holland Village area.
The property is at the same time a ten to 15 minutes’ hitch to the CBD also Orchard Road.
“Possibility to get hold of enormous adjacent Good Class Bungalow property plots such as this particular continue to be tremendously out of the ordinary,” mentioned Shaun.
Regardless of the COVID-19, the Good Class Bungalow sector signed up fairly busy transactions, with a Good Class Bungalow at 1 Chatsworth Park clinched for $44 mil ($2,082 per square ft on ground) last mth.
“Short distance to the land at neighboring Oei Tiong Ham Park, 17A Leedon Park got performed last Sept at $73 mil ($1.643K per sq ft on land). These deals are evidence to GCBs becoming a enticing as well as extremely tough residential property section,” added Shaun.
The EOI exercise for the Holland Rise GCB location concludes on 9Feb 21.