Holland Rise GCB Site For Sale For $68mil
A Holland Rise Good Class Bungalow spot making up 3 adjacent lots of ground is up for transaction by EOI by having an indicative value of $68 million, disclosed privileged promotion and marketing rep Cushman & Wakefield.
The free of lease tenantless lots lie in the Holland Rise Good Class Bungalow Zone, utilizing a combined land area of 4923.12 sq meter.
CWK Executive Director of Capital Markets Shaun Poh noted that home buyers have the option to acquire a specific ground or numerous grounds.
Accessible by using two cul-de-sacs– 1 at East Sussex Ln and also one more at Holland Rise, the property is in close proximity to Holland V MRT station as well as the various Food and Beverage services also life style facilities just within the Holland V location.
The residential property is at the same time a 10 to 15 minutes’ hitch to the CBD and also Orchard Rd.
“Advantage to get enormous adjacent Good Class Bungalow property lots which include this particular are significantly out of the ordinary,” explained Shaun.
Despite the global widespread, the GCB sector checked in comparatively busy deals, with a Good Class Bungalow at 1 Chatsworth Park transacted for $44 million ($2,082 psf on ground) last mth.
“Closer to the estate at nearby Oei Tiong Ham Park, 17A Leedon Park got transacted last September at $73 mil ($1.643K psf on land). Such purchases are testimony to GCBs being a genuinely durable and attractive residential property classification,” added Shaun.
The expression of interest movement for the Holland Rise GCB location ends on 9 February.