Gerald Crescent Redevelopment Site Up For Sale For $25mil
A reconditioning spot at 2F Gerald Crescent has been introduced for sale through bidding using a standard pricing of $Twenty-five million, shared one and only advertising rep Edmund Tie.
This works out to roughly $785 per sq ft based upon the spot’s area of 31,882 square foot.
Discovered inside the Seletar Hills landed property acreage, the 999-year tenture site is inhabited by an unused bungalow.
The regular designed spot, which is sector for three floors combined landed house shown in the 2019 Master Plan, is fit for “a selection of landed property varieties plus mixes”, mentioned the advertising and marketing representative.
The land is close to Sungei Punggol river additionally the Punggol PC. Edmund Tie observed that projects are ongoing “to make over the surrounding Punggol Reservoir in to a lively space for family water activities as aspect of the up to date Master Plan”.
Dining, purchasing plus leisure services among the location contain The Seletar Mall, Greenwich V, The Oval @ Seletar Aerospace Park along with Seletar Country Club.
The residential property is definitely close to numerous schools such as Nan Chiau High School, Rosyth School, Nanyang Polytechnic, Australian International School as well as International French School.
” Sizable reconditioning locations for landed property are hardly in the market. The property, which is remained by a single owner, in addition offers a phenomenal venture for urgent refitting,” claimed Ms Swee, ED of Investment Advisory in Edmund Tie.
In addition to domestic construtors interested on partitioning the plot to numerous landed homes, Shou Fern likewise predicts curiosity “from high flyer or even multi-generational families considering to purchase for their own reside”.
” By having short amount of quantity of landed homes in S’pore, an expanding trend for bigger properties because of the work-from-home options and even an economical rate of interest situation, everyone look forward to interest for landed home to carry on healthy.”
The offer for 2F Gerald Crescent ends on 9 Feb.