Gerald Crescent Redevelopment Site Up For Sale For $25mil
A refitting location at 2F Gerald Crescent was introduced available for sale with bidding using a standard value of $Twenty Five mil, disclosed sole marketing agent Edmund Tie.
This figures out to about $785 per sq ft accorded to the location’s area of 2,962.0 square m.
Discovered among the Seletar Hills landed housing grounds, the 999-year tenancy plot is utilized by an unused bungalow.
The regular shaped plot, which is region for three levels varying landed house under the 2K19 Master Plan, is pleased for “a number of landed property types and also combinations”, claimed the promotion and marketing agent.
It is in close proximity to Sungei Punggol river as well as the Punggol Park Connector. Edmund Tie indicated that arrangements are initiated “to reconstruct the neighboring Punggol Reservoir into a lively area for leisure water fun time as portion of the recent Master Plan”.
Eating, purchasing including entertainment services inside the neighborhood are The Seletar Mall, Greenwich V, The Oval @ Seletar Aerospace Park and also Seletar Country Club.
The property is at the same time close to numerous colleges consisting of Nan Chiau High School, Rosyth School, NYP, AIS and even International French School.
” Spacious refurbishing sites for landed homes are not usually provided. The house, which is lived on by a sole owner, additionally presents a phenomenal chance for quick upgrading,” stated Ms Swee, ED of Investment Advisory over at ET&Co.
Besides home creators eager on parting the plot to quite a few landed homes, Shou Fern too predicts attention “from HNW and multi-generational households aiming to purchase for their personal live in”.
” With constrained source of landed homes in Singapore, an evolving trend for bigger residential properties as a result of WFH plans plus a reduced rate of interest situation, we foresee demand for landed property to continue to be strong.”
The offer to obtain 2F Gerald Crescent concludes on 9 Feb.