Holland Rise GCB Site For Sale For $68mil
A Holland Rise Good Class Bungalow area consisting 3 adjacent lots of property is in the market for sale by means of EOI with an indicative price of $Sixty Eight million, disclosed unique advertising real estate agent Cushman & Wakefield.
The free of lease untenanted pieces lie amongst the Holland Rise GCB Neighborhood, inhabiting a shared acreage of 52,992 square ft.
Cushman & Wakefield Executive Director of Capital Markets Shaun Poh indicated that buyers hold the alternatives to get a single lot or more than one plots.
Within reach via 2 dead-end streets– 1 at East Sussex Lane and also a different one at Holland Rise, the house is near Holland V Mass Rapid Transit station along with the multiple F&B providings and lifestyle services located in the Holland Village community.
The premises is furthermore a 10 to 15 mins’ drive to the CBD plus Orchard Road.
“Option to purchase enormous adjoining Good Class Bungalow land grounds which include this are very unusual,” revealed Poh.
Irrespective of the global widespread, the GCB market checked in comparatively energetic transactions, by having a Good Class Bungalow at 1 Chatsworth Park transacted for $Forty-four million ($2.082K psf on ground) previous month.
“Stone throw away to the land at neighboring Oei Tiong Ham Park, 17A Leedon Park got performed previous September at $Seventy-three mil ($1,643 psf on ground). All of these deals are testament to GCBs being a very irrepressible also irresistible land classification,” added Poh.
The EOI exercise for the Holland Rise Good Class Bungalow location finalizes on 9 Feb.