Gerald Crescent Redevelopment Site Up For Sale For $25mil
A redevelopment location at 2F Gerald Cres. was released offer for sale through tender by having a model deal of $25 mil, announced single promotional specialist ET&Co.
This works out to around $785 per square ft based upon the plot’s space of 2,962.0 sq meter.
Located inside of the Seletar Hills landed homes grounds, the nine hundred ninety nine years tenancy spot is taken up by a deserted landed property.
The regular formed location, which is region for 3 floors varying landed homes mentioned in the 2K19 Master Plan, is fit for “a number of landed homes sorts as well as combinations”, said the promotion and marketing professional.
The land is in close proximity to Sungei Punggol river and also the Punggol PC. Edmund Tie wrote the fact that plans are advancing “to enhance the close-by Punggol Reservoir in to an active space for fun water adventures as section of the current Master Plan”.
Eating, purchasing including entertainment amenities within the area contain The Seletar Mall, Greenwich V, The Oval @ SAP and Seletar Country Club.
The house is also in close proximity to a variety of schools such as NCHS, Rosyth School, Nanyang Polytechnic, Australian International School and even IFS.
” Substantial redevelopment plots for landed home are not often provided. The residential property, which is maintained by a single owner, in addition gives an extraordinary chance for immediate refitting,” revealed Ms Swee, ED of Investment Advisory over at ET&Co.
Besides domestic developers eager on parting the plot to quite a few landed residences, she in addition looks forward to curiosity “from high flyer or even multi-generational households looking to purchase for their private live in”.
” By having limited amount of landed housing in Singapore, an evolving thing to get larger residences as a result of WFH arrangements and even a low rates of interest situation, we foresee need for landed house to maintain stable.”
The bid for 2F Gerald Crescent ends on 9 Feb.