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.

Royal Green showflat location

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.

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