Holland Rise GCB Site For Sale For $68mil
A Holland Rise Good Class Bungalow location making up 3 adjoining grounds of property is offer for transaction by means of expression of interest by having a suggestive deal of $68 mil, disclosed exclusive promotion and marketing professional Cushman & Wakefield.
The free of lease tenantless pieces lie inside the Holland Rise GCB Area, covering a joint land area of 4923.12 sq meter.
Cushman & Wakefield Executive Director of Capital Markets Shaun Poh noted that investors hold the alternative to obtain a particular lot or numerous plots.
Reachable by means of two blind alleys– 1 at East Sussex Lane along with another at Holland Rise, the land is near Holland V MRT terminal including the diverse Food and Beverage offerings and daily life facilities inside of the Holland Village neighborhood.
The house is also a 10 to fifteen mins’ drive to the Central Business District and Orchard Rd.
“Circumstance to get large-sized adjoining GCB property plots which include this particular remain exceptionally rare,” said Shaun.
Despite the global widespread, the GCB sector checked in quite busy transactions, by having a Good Class Bungalow at 1 Chatsworth Park worked out a deal for $Forty-four mil ($2.082K per square ft on land) previous calendar month.
“Closer to the house at close-by Oei Tiong Ham Park, 17A Leedon Park got worked out a deal last Sept at $Seventy-three million ($1.643K psf on ground). All of these purchases are testimony to GCBs being a very tough and also desirable property category,” further mentioned Poh.
The EOI exercise for the Holland Rise Good Class Bungalow location terminates on 9 Feb.