Holland Rise GCB Site For Sale For $68mil
A Holland Rise GCB location making up 3 adjacent pieces of ground is up for transaction through EOI by having an indicative value of $Sixty Eight million, revealed restricted marketing agent Cushman & Wakefield.
The freehold tenantless pieces lie amongst the Holland Rise Good Class Bungalow Section, taking up an overall acreage of 52,992 sq foot.
CWK Executive Director of Capital Markets Shaun Poh noted that prospects get the option to obtain a particular piece or various lots.
Accessible by using two dead ends– 1 at East Sussex Ln and a different one at Holland Rise, the residential property is near Holland V MRT station and also the several Food and Beverage providings and everyday life facilities in the Holland V section.
The land is furthermore a ten to 15 mins’ hitch to the CBD and also Orchard Road.
“Opportunities to secure huge adjacent Good Class Bungalow land lots like this kind are exceptionally rare,” expressed Poh.
Regardless of the global widespread, the GCB industry signed up comparatively energetic transactions, with a GCB at 1 Chatsworth Park clinched for $Forty-four mil ($2.082K psf on ground) last mth.
“Closer to the estate at nearby Oei Tiong Ham Park, 17A Leedon Park was transacted previous September at $Seventy-three million ($1,643 per sq ft on land). All of these deals are evidence to GCBs being a desirable as well as genuinely resilient estate class,” said additionally Poh.
The expression of interest movement for the Holland Rise GCB location terminates on 9 Feb.