Holland Rise GCB Site For Sale For $68mil
A Holland Rise GCB location consisting 3 adjacent plots of land is promote for transaction via expression of interest by having a significatory price of $68 million, exposed privileged advertising real estate agent CWK.
The freehold uninhabited lots lie inside the Holland Rise Good Class Bungalow Area, taking up a joint land area of 52,992 sq foot.
CWK ED of Capital Markets Shaun Poh noted that buyers carry the alternative to obtain an individual piece or numerous grounds.
Easily accessible by means of two dead ends– 1 at East Sussex Lane along with one more at Holland Rise, the premises is in close proximity to Holland V MRT station in addition to the multiple Food and Beverage offerings and also daily life amenities just within the Holland V section.
The land is likewise a ten to fifteen mins’ hitch to the Central Business District and Orchard Road.
“Chance to purchase enormous adjoining Good Class Bungalow property plots such as this continue to be incredibly rare,” stated Shaun.
Even though the COVID-19, the Good Class Bungalow sector listed fairly lively transactions, by having a GCB at 1 Chatsworth Park negotiated for $44 million ($2,082 per sq foot on land) previous month.
“Closer to the residential property at neighboring Oei Tiong Ham Park, 17A Leedon Park got clinched last Sept at $73 million ($1.643K per square ft on ground). These purchases are evidence to Good Class Bungalow being a extremely sturdy also irresistible estate category,” added Shaun.
The expression of interest action for the Holland Rise GCB site shuts on 9 February.