Holland Rise GCB Site For Sale For $68mil
A Holland Rise GCB location composing 3 adjacent pieces of ground is offer for sale through EOI with a suggestive price of $Sixty Eight mil, exposed privileged advertising representative Cushman & Wakefield.
The free of lease untenanted pieces are nestled inside the Holland Rise Good Class Bungalow Neighborhood, covering a total acreage of 52,992 sq foot.
CWK ED of Capital Markets Shaun Poh observed that prospects enjoy the selection to attain a specific ground or a number of plots.
Easily accessible by using two dead-end streets– 1 at East Sussex Ln including one more at Holland Rise, the residential property is near Holland Village Mass Rapid Transit station as well as the different Food and Beverage offerings and daily life services just within the Holland V vicinity.
The property is at the same time a ten to fifteen minutes’ ride to the Central Business District also Orchard Rd.
“Opportunities to get enormous adjoining GCB land plots which include this particular remain quite unusual,” shared Poh.
Despite having the global widespread, the GCB market checked in rather energetic sales, with a Good Class Bungalow at 1 Chatsworth Park transacted for $44 mil ($2,082 per square ft on ground) previous calendar month.
“Short distance to the land at nearby Oei Tiong Ham Park, 17A Leedon Park was negotiated last September at $73 million ($1,643 per sq foot on land). Such deals are testimony to GCBs becoming a eye-catching plus very resilient house selection,” added Poh.
The EOI action for the Holland Rise Good Class Bungalow spot terminates on 9February 2021.