Gerald Crescent Redevelopment Site Up For Sale For $25mil
A refitting location at 2F Gerald Crescent has been kicked off offer for sale over offer using a standard figure of $Twenty-five mil, reported sole promotional rep ET&Co.
The price turns out to approximately $785 per square ft formed on the location’s space of 31,882 square ft.
Placed amongst the Seletar Hills landed housing acreage, the 999-year tenture plot is inhabited by a vacant landed property.
The regular formed spot, that is sector for three floors blended landed property in the 2019 Master Plan, is gone with for “a wide range of landed property types and mixtures”, mentioned the advertising and marketing rep.
The land is nearby Sungei Punggol river including the Punggol PC. ET&Co indicated that outlines are on-going “to improve the nearby Punggol Reservoir into an engaged location for pastime water play as portion of the latest Master Plan”.
Eating, shopping plus leisure features inside the area are The Seletar Mall, Greenwich V, The Oval @ SAP and Seletar Country Club.
The property is in addition close to several colleges such as NCHS, Rosyth School, NYP, AIS and IFS.
” Large upgrading spots for landed homes are seldom available. The property, which is held by a specific property owner, likewise presents a phenomenal potential for prompt refurbishing,” shared Ms Swee, ED of Inv Advisory in ET&Co.
Aside from residential builders eager on parting the spot to a number of landed houses, Ms Swee in addition foresees enthusiasm “from high-net worth and even multi-generational families seeking to invest for their personal reside”.
” By having minimal stock of landed property in S’pore, an increasing thing to purchase bigger properties as a result of work-from-home arrangements and even an economical rate of interest atmosphere, we foresee interest for landed homes to carry on high.”
The tender to get 2F Gerald Crescent terminates on 9 February.