Holland Rise GCB Site For Sale For $68mil
A Holland Rise GCB site consisting three adjacent lots of property is up for transaction using EOI with a significatory value of $68 mil, shared exclusive promotion and marketing professional Cushman & Wakefield.
The freehold vacant grounds lie in the Holland Rise Good Class Bungalow Section, utilizing a joint acreage of 52,992 square foot.
Cushman & Wakefield Executive Director of Capital Markets Shaun Poh indicated that purchasers get the decision to obtain a solo piece or several pieces.
Within reach by using 2 blind alleys– 1 at East Sussex Lane including a different one at Holland Rise, the premises is in close proximity to Holland V Mass Rapid Transit terminal as well as the a variety of F&B providings along with lifestyle features located in the Holland Village area.
The estate is at the same time a 10 to 15 mins’ hitch to the CBD plus Orchard Rd.
“Possibility to acquire enormous adjacent Good Class Bungalow property grounds such as this particular continue to be quite scarce,” spoke Shaun.
Regardless of the COVID-19, the GCB sector subscribed comparatively lively transactions, by having a Good Class Bungalow at 1 Chatsworth Park worked out a deal for $44 mil ($2,082 psf on ground) last month.
“Stone throw away to the residential property at close-by Oei Tiong Ham Park, 17A Leedon Park got negotiated previous September at $73 million ($1,643 psf on land). All these deals are testimony to GCBs becoming a tempting and also very durable premises category,” added Shaun.
The expression of interest movement for the Holland Rise Good Class Bungalow plot shuts on 9February 2021.