Gerald Crescent Redevelopment Site Up For Sale For $25mil
A revamping spot at 2F Gerald Cres. was commenced offer for sale through tender by having a standard value of $Twenty-five million, explained sole advertising and marketing professional ET&Co.
This formulates to close to $785 psf accorded to the spot’s space of 2,962.0 sq meter.
Positioned inside the Seletar Hills landed homes area, the nine hundred ninety nine years tenture spot is utilized by an uninhabited bungalow.
The traditional designed plot, which is zoned for 3 levels bundled landed housing in the 2019 Master Plan, is matched for “a diversity of landed home options also combinations”, reported the marketing agent.
It is near Sungei Punggol river alongside the Punggol Park Connector. Edmund Tie noticed the fact that plans are underway “to change the nearby Punggol Reservoir right into a purposeful space for weekend water adventures as section of the recent Master Plan”.
Dining, purchasing plus leisure features among the vicinity include The Seletar Mall, Greenwich V, The Oval @ SAP plus Seletar Country Club.
The house is definitely in close proximity to a number of educational institutions including NCHS, Rosyth School, Nanyang Polytechnic, Australian International School as well as IFS.
” Large upgrading spots for landed house are hardly available for purchase. The property, that is lasted by a solo owner, in addition offers an extraordinary venture for current revamping,” shared Swee Shou Fern, ED of Investment Advisory at ET&Co.
Aside from domestic developers interested on splitting the plot to several landed houses, Shou Fern furthermore predicts attraction “from high flyer or even multi-generational households looking to acquire for their personal reside”.
” With restricted source of landed housing in S’pore, a rising mode for larger residences because of the work-from-home arrangements and even a low interest rate situation, everyone expect interest for landed housing to stand strong.”
The bid to get 2F Gerald Crescent discontinues on 9 February.