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.

Ki Residences showflat location

“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.