Gerald Crescent Redevelopment Site Up For Sale For $25mil
A refitting location at 2F Gerald Cres. has been launched available for sale by means of offer utilizing a model figure of $Twenty Five mil, exposed single marketing and advertising professional Edmund Tie.
The price turns out to around $785 per square ft based upon the plot’s measurement of 31,882 square ft.
Situated within the Seletar Hills landed home acreage, the nine hundred ninety nine years hire agreement site is inhabited by an uninhabited landed property.
The ordinary designed location, that is area for 3 levels bundled landed housing in the 2K19 Master Plan, is gone with for “a mixture of landed housing options including mixtures”, stated the advertising and marketing professional.
The land is near Sungei Punggol river additionally the Punggol Park Connector. ET&Co kept in mind that plan of actions are advancing “to renew the close-by Punggol Reservoir in to an energetic space for pastime water adventures as portion of the up to date Master Plan”.
Eating, buying plus recreational features amongst the surroundings consist of The Seletar Mall, Greenwich V, The Oval @ Seletar Aerospace Park and Seletar Country Club.
The property is at the same time near a number of colleges including NCHS, Rosyth School, Nanyang Polytechnic, AIS and even IFS.
” Spacious revamping sites for landed housing are hardly offered. The home, which is held by a specific property owner, at the same time furnishes an awesome possibility for prompt redevelopment,” stated Ms Swee, ED of Inv Advisory over at ET&Co.
Beside residence builders eager on parting the site to quite a few landed homes, she furthermore foresees interest “from high-net worth and multi-generational families wanting to invest for their personal stay”.
” With limited source of landed house in Singapore, an increasing thing for bigger homes because of the work-from-home options plus a lowered rates of interest environment, everyone foresee pursuit for landed house to maintain high.”
The tender to get 2F Gerald Crescent terminates on 9 Feb.