Holland Rise GCB Site For Sale For $68mil
A Holland Rise GCB area including three adjoining pieces of land is offer for sale using expression of interest by having an indicative deal of $68 mil, disclosed private marketing rep CWK.
The freehold tenantless grounds lie around the Holland Rise Good Class Bungalow Vicinity, occupying an overall acreage of 52,992 sq ft.
Cushman & Wakefield ED of Capital Markets Shaun Poh observed that home buyers receive the choice to buy a specific ground or several lots.
Easy to get to through 2 dead-end streets– one at East Sussex Lane along with one more at Holland Rise, the premises is close to Holland Village MRT terminal as well as the several F&B services together with life style features in the Holland Village spot.
The property is furthermore a ten to fifteen mins’ trip to the CBD also Orchard Rd.
“Opportunities to attain large-sized adjoining GCB land grounds which include this had been tremendously scarce,” voiced Shaun.
Despite the COVID-19, the GCB market registered reasonably enthusiastic deals, with a GCB at 1 Chatsworth Park clinched for $Forty-four million ($2,082 per square ft on ground) last calendar month.
“Closer to the premises at neighboring Oei Tiong Ham Park, 17A Leedon Park got worked out a deal previous September at $Seventy-three mil ($1.643K per sq ft on land). All of these purchases are testament to Good Class Bungalow being a enticing also very irrepressible estate category,” added Poh.
The EOI movement for the Holland Rise GCB location ends on 9 February.