Holland Rise GCB Site For Sale For $68mil
A Holland Rise GCB area making up 3 adjacent plots of ground is up for transaction via expression of interest with a significatory price of $68 mil, revealed privileged advertising and marketing agent CWK.
The free of lease untenanted pieces are positioned amongst the Holland Rise Good Class Bungalow Area, occupying an overall land area of 52,992 square foot.
Cushman & Wakefield ED of Capital Markets Shaun Poh indicated that prospects receive the alternatives to obtain a solo ground or numerous pieces.
Easily accessible by using two dead-end streets– 1 at East Sussex Ln and another at Holland Rise, the estate is neighboring Holland Village Mass Rapid Transit terminal along with the diverse Food and Beverage offerings and also daily life amenities inside the Holland V area.
The premises is furthermore a 10 to fifteen mins’ hitch to the CBD and also Orchard Road.
“Circumstance to get gigantic adjacent GCB land lots such as this particular are particularly unusual,” claimed Shaun.
Even though the COVID-19, the Good Class Bungalow sector registered remarkably enthusiastic deals, with a GCB at 1 Chatsworth Park performed for $Forty-four mil ($2.082K psf on ground) last calendar month.
“Stone throw away to the premises at neighboring Oei Tiong Ham Park, 17A Leedon Park got negotiated last Sept at $73 mil ($1.643K psf on land). Such transactions are evidence to Good Class Bungalow becoming a desirable and also greatly resilient land class,” further mentioned Shaun.
The expression of interest action for the Holland Rise Good Class Bungalow site finalizes on 9 Feb.