Holland Rise GCB Site For Sale For $68mil
A Holland Rise GCB spot comprising three adjacent grounds of property is in the market for sale by means of expression of interest with a significatory value of $Sixty Eight mil, announced privileged advertising and marketing professional CWK.
The free of lease untenanted lots lie within the Holland Rise GCB Section, utilizing a total land area of 52,992 square ft.
Cushman & Wakefield Executive Director of Capital Markets Shaun Poh observed that customers have the opportunity to get hold of a single plot or multiple grounds.
Easily accessible by means of 2 blind alleys– 1 at East Sussex Lane and an additional at Holland Rise, the premises is neighboring Holland Village Mass Rapid Transit terminal in addition to the a range of Food and Beverage offerings along with everyday life facilities around the Holland Village community.
The land is furthermore a 10 to fifteen minutes’ hitch to the Central Business District and also Orchard Road.
“Chance to get hold of gigantic adjacent Good Class Bungalow land lots just like this gets particularly unusual,” explained Poh.
Despite the COVID-19, the Good Class Bungalow market signed up fairly lively transactions, by having a GCB at 1 Chatsworth Park worked out a deal for $44 mil ($2.082K psf on land) previous calendar month.
“Closer to the house at close-by Oei Tiong Ham Park, 17A Leedon Park was transacted last September at $Seventy-three mil ($1.643K psf on ground). All these transactions are evidence to GCBs becoming a absolutely irrepressible as well as alluring premises category,” mentioned further Shaun.
The expression of interest action for the Holland Rise Good Class Bungalow location finalizes on 9 Feb.