Holland Rise GCB Site For Sale For $68mil
A Holland Rise Good Class Bungalow site consisting of three adjacent grounds of ground is offer for sale via EOI with a significatory rate of $Sixty Eight mil, shared privileged advertising agent Cushman & Wakefield.
The freehold tenantless pieces lie within the Holland Rise GCB Community, utilizing a combined land area of 52,992 sq ft.
Cushman & Wakefield Executive Director of Capital Markets Shaun Poh indicated that consumers carry the option to secure an individual lot or multiple pieces.
Accessible by means of two dead-end streets– one at East Sussex Ln including another at Holland Rise, the property is in close proximity to Holland V MRT terminal as well as the a range of F&B offerings also life style facilities inside the Holland Village vicinity.
The house is also a ten to 15 mins’ ride to the Central Business District and also Orchard Rd.
“Opportunities to secure gigantic adjacent Good Class Bungalow land lots such as this particular continue to be particularly unusual,” stated Shaun.
Irrespective of the COVID-19, the Good Class Bungalow market checked in fairly lively sales, with a GCB at 1 Chatsworth Park negotiated for $44 mil ($2,082 per sq ft on ground) previous month.
“Stone throw away to the premises at close-by Oei Tiong Ham Park, 17A Leedon Park was transacted last September at $73 mil ($1.643K per sq ft on land). All these transactions are testimony to Good Class Bungalow being a very tough as well as enticing land class,” added Shaun.
The expression of interest exercise for the Holland Rise GCB plot finalizes on 9Feb 21.