Holland Rise GCB Site For Sale For $68mil
A Holland Rise GCB site comprising three adjacent grounds of land is offer for transaction by expression of interest by having a significatory price of $Sixty Eight mil, disclosed restricted advertising and marketing rep CWK.
The freehold tenantless grounds are situated within the Holland Rise GCB Vicinity, inhabiting a shared land area of 52,992 square ft.
Cushman & Wakefield Executive Director of Capital Markets Shaun Poh observed that consumers have the opportunity to secure a particular plot or multiple lots.
Within reach by means of 2 dead ends– one at East Sussex Lane including a different one at Holland Rise, the land is in close proximity to Holland Village MRT station as well as the different Food and Beverage offerings and life style amenities inside of the Holland V neighborhood.
The estate is at the same time a ten to fifteen minutes’ commute to the Central Business District plus Orchard Road.
“Circumstance to get hold of gigantic adjacent Good Class Bungalow land grounds like this particular are extremely unusual,” explained Shaun.
Regardless of the pandemic, the GCB industry signed up fairly lively deals, by having a Good Class Bungalow at 1 Chatsworth Park performed for $Forty-four mil ($2.082K per square foot on land) last mth.
“Short distance to the house at nearby Oei Tiong Ham Park, 17A Leedon Park was negotiated previous Sept at $Seventy-three mil ($1,643 psf on ground). These purchases are testament to GCBs becoming a tempting also absolutely sturdy property classification,” added Poh.
The EOI movement for the Holland Rise Good Class Bungalow site closes on 9February 2021.