Gerald Crescent Redevelopment Site Up For Sale For $25mil
An upgrading site at 2F Gerald Cres. was opened to buy over bidding utilizing a standard pricing of $Twenty-five mil, announced one and only promotion representative ET&Co.
The price calculates to close to $785 per square foot accorded to the location’s measurement of 31,882 square foot.
Found inside of the Seletar Hills landed homes estate, the nine hundred ninety nine years leasehold site is utilized by an uninhabited house.
The typical designed location, that is sector for three levels combined landed home shown in the 2K19 Master Plan, is matched for “a diversity of landed housing categories and also blendings”, announced the promotion agent.
The land is close-by Sungei Punggol river as well as the Punggol PC. ET&Co documented that arrangements are on-going “to enhance the neighboring Punggol Reservoir into a busy space for entertainment water play as section of the recent Master Plan”.
Dining, buying including leisure amenities amongst the neighborhood are The Seletar Mall, Greenwich V, The Oval @ Seletar Aerospace Park also Seletar Country Club.
The residential property is in addition nearby multiple educational institutions consisting of NCHS, Rosyth School, Nanyang Polytechnic, AIS and also International French School.
” Spacious refurbishing plots for landed homes are not usually available. The house, that is kept by a solo property owner, additionally offers a great possibilities for urgent reconditioning,” claimed Ms Swee, ED of Investment Advisory over at Edmund Tie.
In addition to residential builders keen on splitting the plot to more than one landed residences, Shou Fern also predicts enthusiasm “from high-net worth along with multi-generational homes looking to invest for their personal live in”.
” With constrained amount of landed housing in S’pore, a rising trend for larger residential properties due to WFH plans and even a low rates of interest situation, we predict pursuit for landed house to keep on being high.”
The bid for 2F Gerald Crescent terminates on 9 February.