Gerald Crescent Redevelopment Site Up For Sale For $25mil
A reconditioning site at 2F Gerald Crescent was opened offer for sale by means of offer by having a lead value of $Twenty Five million, announced main promotion representative ET&Co.
This turns out to almost $785 psf formed on the spot’s space of 31,882 sq ft.
Located among the Seletar Hills landed property area, the nine hundred ninety nine years tenture plot is occupied by a tenantless landed property.
The regular designed spot, that is region for three levels different landed home mentioned in the 2K19 Master Plan, is pleased for “a variety of landed home styles as well as combinations”, reported the marketing representative.
The land is close-by Sungei Punggol river including the Punggol Park Connector. Edmund Tie observed that strategies are advancing “to modify the surrounding Punggol Reservoir in to a busy space for recreational water play as part of the current Master Plan”.
Eating, purchasing also recreational services within the location contain The Seletar Mall, Greenwich V, The Oval @ Seletar Aerospace Park along with Seletar Country Club.
The home is likewise close-by several schools consisting of Nan Chiau High School, Rosyth School, Nanyang Polytechnic, AIS also IFS.
” Substantial reconditioning spots for landed house are infrequently attainable. The property, which is lived on by an individual owner, additionally gives an exceptional option for prompt improvements,” revealed Ms Swee, ED of Inv Advisory over at ET&Co.
Apart from property builders keen on partitioning the site to several landed residences, Shou Fern also looks forward to curiosity “from HNW along with multi-generational households seeking to buy for their private stay”.
” With minimal supply of landed property in Singapore, a developing mode for bigger houses due to WFH arrangements and a reduced interest rate situation, we expect requirement for landed home to continue to be stable.”
The bid to obtain 2F Gerald Crescent discontinues on 9 Feb.