Holland Rise GCB Site For Sale For $68mil
A Holland Rise Good Class Bungalow site making up 3 adjoining grounds of land is up for sale through EOI with a suggestive rate of $68 mil, revealed privileged promotion and marketing rep Cushman & Wakefield.
The freehold untaken lots lie inside the Holland Rise Good Class Bungalow Zone, covering a joint acreage of 4923.12 square m
CWK Executive Director of Capital Markets Shaun Poh indicated that investors have the choice to obtain a solo piece or multiple lots.
Reachable using 2 dead-end streets– 1 at East Sussex Lane and another at Holland Rise, the estate is close-by Holland V MRT terminal as well as the diverse F&B offerings and also life-style services in the Holland V location.
The house is at the same time a ten to 15 minutes’ trip to the CBD and even Orchard Road.
“Circumstance to obtain gigantic adjacent GCB land pieces like this remain really unfrequent,” shared Shaun.
Despite having the global widespread, the GCB industry registered reasonably energetic deals, with a GCB at 1 Chatsworth Park performed for $Forty-four million ($2,082 per sq ft on land) previous month.
“Stone throw away to the property at nearby Oei Tiong Ham Park, 17A Leedon Park got performed last Sept at $73 million ($1.643K per square foot on ground). Such transactions are evidence to GCBs becoming a irresistible plus highly sturdy residential property type,” further mentioned Poh.
The EOI exercise for the Holland Rise GCB spot ends on 9Feb 21.