Gerald Crescent Redevelopment Site Up For Sale For $25mil
An improving site at 2F Gerald Crescent has been commenced available by means of tender by having a guide price of $Twenty-five mil, shared one and only marketing agent ET&Co.
The price calculates to almost $785 per sq ft formed on the location’s space of 2,962.0 square meter.
Situated within the Seletar Hills landed house area, the 9hundred 99 years hire agreement location is inhabited by an uninhabited landed property.
The traditional formed spot, that is sector for 3 floors different landed homes in the 2K19 Master Plan, is matched for “a number of landed homes kinds also mixes”, shared the marketing and advertising representative.
The land is near Sungei Punggol river alongside the Punggol Park Connector. ET&Co indicated that plannings are underway “to reconstruct the nearby Punggol Reservoir in to a busy space for fun water play as part of the recent Master Plan”.
Eating, purchasing also entertainment features inside the location consist of The Seletar Mall, Greenwich V, The Oval @ Seletar Aerospace Park and also Seletar Country Club.
The property is also nearby numerous colleges such as Nan Chiau High School, Rosyth School, NYP, AIS also International French School.
” Large redevelopment plots for landed housing are infrequently in the market. The home, which is possessed by a solo property owner, likewise provides a great potential for quick refurbishing,” revealed Ms Swee, Executive Director of Inv Advisory over at ET&Co.
Apart from property developers intent on subdividing the plot to numerous landed residences, Shou Fern too foresees curiosity “from high flyer along with multi-generational families aiming to purchase for their private stay”.
” With restricted number of landed property in SG, an expanding pattern for bigger houses caused by work-from-home arrangements plus a lowered interest rate situation, everyone predict requirement for landed home to carry on stable.”
The tender for 2F Gerald Crescent concludes on 9Feb 21.