Holland Rise GCB Site For Sale For $68mil
A Holland Rise Good Class Bungalow location making up 3 adjoining pieces of land is in the market for sale by means of expression of interest by having a significatory price of $Sixty Eight million, disclosed privileged marketing specialist Cushman & Wakefield.
The freehold uninhabited pieces lie inside the Holland Rise Good Class Bungalow Spot, inhabiting a shared land area of 52,992 sq foot.
Cushman & Wakefield ED of Capital Markets Shaun Poh mentioned that clients carry the alternative to get hold of a single lot or more than one pieces.
Easily accessible using two dead ends– 1 at East Sussex Lane plus another at Holland Rise, the land is close to Holland V Mass Rapid Transit terminal along with the multiple Food and Beverage providings and also daily life services inside of the Holland V community.
The property is furthermore a 10 to fifteen minutes’ travel to the CBD and also Orchard Road.
“Option to get large-sized adjacent GCB property lots such as this continue to be particularly scarce,” asserted Poh.
Irrespective of the global widespread, the GCB market checked in quite active sales, by having a Good Class Bungalow at 1 Chatsworth Park transacted for $Forty-four mil ($2.082K psf on land) previous calendar month.
“Stone throw away to the premises at nearby Oei Tiong Ham Park, 17A Leedon Park was transacted previous September at $73 million ($1.643K per square ft on land). Such transactions are testimony to GCBs becoming a enticing also genuinely sturdy house classification,” included Poh.
The EOI activity for the Holland Rise GCB spot closes on 9February 2021.