Gerald Crescent Redevelopment Site Up For Sale For $25mil
An upgrading plot at 2F Gerald Crescent has been kicked off offer for sale by means of tender utilizing a lead deal of $Twenty Five million, published exclusive promotional representative Edmund Tie.
The price calculates to about $785 psf based on the location’s space of 31,882 square ft.
Found among the Seletar Hills landed housing estate, the nine hundred ninety nine years rental spot is inhabited by an abandoned bungalow.
The normal sized location, that is region for 3 storey combined landed homes shown in the 2K19 Master Plan, is fit for “a variation of landed housing varieties including mixtures”, shared the marketing representative.
It is close-by Sungei Punggol river additionally the Punggol PC. Edmund Tie recorded that plans are advancing “to make over the neighboring Punggol Reservoir into a lively location for fun water adventures as aspect of the present Master Plan”.
Eating, purchasing including recreational features among the location are The Seletar Mall, Greenwich V, The Oval @ Seletar Aerospace Park plus Seletar Country Club.
The home is in addition in close proximity to a number of colleges including Nan Chiau High School, Rosyth Sch, Nanyang Polytechnic, AIS and even International French School.
” Substantial improving locations for landed house are infrequently available. The house, that is lived on by an individual owner, additionally offers a great option for quick refurbishing,” shared Swee Shou Fern, ED of Inv Advisory at ET&Co.
Besides home builders eager on subdividing the location to multiple landed homes, Shou Fern too predicts attraction “from HNW and multi-generational homes looking to acquire for their personal stay”.
” By having limited source of landed housing in SG, an expanding thing to purchase bigger properties because of WFH setups and even a low rate of interest environment, we anticipate pursuit for landed home to carry on stable.”
The offer to obtain 2F Gerald Crescent wraps up on 9February 2021.