Gerald Crescent Redevelopment Site Up For Sale For $25mil
An improving plot at 2F Gerald Crescent was commenced available for sale with offer by having a guide amount of $Twenty-five million, exposed sole promotion and marketing specialist Edmund Tie.
The price turns out to around $785 per sq ft based upon the site’s space of 2,962.0 sq meter.
Situated amongst the Seletar Hills landed housing territory, the 9hundred 99 years tenancy location is occupied by a vacant house.
The traditional formed plot, that is zoned for three levels mixed landed homes shown in the 2K19 Master Plan, is fit for “a number of landed house options plus mixes”, stated the advertising and marketing rep.
It is neighboring Sungei Punggol river including the Punggol PC. Edmund Tie documented the fact that plans are underway “to convert the nearby Punggol Reservoir right into a lively spot for recreational water play as portion of the existing Master Plan”.
Dining, purchasing and also recreational services amongst the vicinity are The Seletar Mall, Greenwich V, The Oval @ SAP also Seletar Country Club.
The home is likewise close-by several colleges such as NCHS, Rosyth Sch, NYP, Australian International School and IFS.
” Large reconditioning spots for landed home are hardly attainable. The residence, that is remained by a specific homeowner, in addition gives an extraordinary chance for instant refurbishing,” revealed Ms Swee, Executive Director of Investment Advisory at Edmund Tie.
Besides housing builders eager on subdividing the plot to quite a few landed homes, she at the same time anticipates enthusiasm “from high flyer and even multi-generational households wanting to purchase for their personal live in”.
” With minimal quantity of landed home in SG, a growing trend for larger residential properties as a result of WFH setups and also a reduced rates of interest situation, everyone predict requirement for landed homes to keep on being high.”
The bid for 2F Gerald Crescent closes on 9 Feb.