Holland Rise GCB Site For Sale For $68mil
A Holland Rise Good Class Bungalow site comprising 3 adjacent grounds of land is in the market for transaction by means of expression of interest by having a significatory value of $68 million, shared privileged advertising and marketing representative Cushman & Wakefield.
The free of lease tenantless grounds lie around the Holland Rise Good Class Bungalow Community, utilizing a shared land area of 4923.12 square m
CWK ED of Capital Markets Shaun Poh mentioned that consumers enjoy the opportunity to obtain an individual lot or numerous plots.
Reachable using two cul-de-sacs– one at East Sussex Ln along with a different one at Holland Rise, the residential property is close-by Holland V Mass Rapid Transit terminal as well as the a range of F&B providings and also life-style facilities located in the Holland V community.
The residential property is also a 10 to 15 minutes’ ride to the Central Business District and Orchard Rd.
“Advantage to obtain large-sized adjacent GCB land pieces like this particular gets very scarce,” voiced Shaun.
Despite having the pandemic, the GCB sector noted comparatively energetic sales, with a GCB at 1 Chatsworth Park negotiated for $44 million ($2,082 psf on land) last month.
“Closer to the premises at close-by Oei Tiong Ham Park, 17A Leedon Park got worked out a deal previous September at $Seventy-three mil ($1,643 per sq ft on ground). These deals are testimony to Good Class Bungalow becoming a tempting plus truly tough house selection,” mentioned further Poh.
The EOI movement for the Holland Rise GCB spot finalizes on 9February 2021.