Gerald Crescent Redevelopment Site Up For Sale For $25mil
An improving plot at 2F Gerald Crescent was commenced offer for sale by means of bidding by having a model deal of $25 mil, announced exclusive advertising and marketing agent ET&Co.
The price figures out to close to $785 per square ft based on the spot’s measurement of 2,962.0 sq meter.
Located among the Seletar Hills landed home area, the nine hundred ninety nine years hire agreement plot is taken up by a bare bungalow.
The ordinary shaped spot, which is zoned for 3 floors combined landed home mentioned in the 2K19 Master Plan, is gone with for “a variation of landed house options as well as mixes”, claimed the promotional rep.
It is close-by Sungei Punggol river alongside the Punggol PC. Edmund Tie noted the fact that plannings are ongoing “to renew the neighboring Punggol Reservoir in to a purposeful area for entertainment water functions as aspect of the present Master Plan”.
Eating, buying also entertainment amenities inside of the proximity are The Seletar Mall, Greenwich V, The Oval @ Seletar Aerospace Park along with Seletar Country Club.
The house is definitely close-by various educational institutions such as NCHS, Rosyth School, Nanyang Polytechnic, Australian International School and International French School.
” Large reconditioning spots for landed homes are not usually attainable. The house, that is lasted by a solitary owner, furthermore presents an extraordinary advantage for quick redevelopment,” mentioned Ms Swee, Executive Director of Inv Advisory in Edmund Tie.
Other than residence creators keen on splitting the spot to multiple landed residences, Shou Fern furthermore foresees attraction “from HNW or even multi-generational families wanting to purchase for their private live in”.
” By having minimal stock of landed homes in S’pore, an increasing thing to get bigger residential properties caused by WFH setups plus a low rates of interest atmosphere, we anticipate interest for landed property to maintain sturdy.”
The offer to get 2F Gerald Crescent concludes on 9 February.