Gerald Crescent Redevelopment Site Up For Sale For $25mil
A refitting location at 2F Gerald Crescent was opened available through bidding by a standard price of $25 mil, exposed sole marketing and advertising agent Edmund Tie.
This calculates to roughly $785 psf accorded to the spot’s space of 31,882 square foot.
Found inside the Seletar Hills landed property grounds, the 9hundred 99 years rental spot is inhabited by an unused landed property.
The normal sized site, that is sector for three-storey different landed home in the 2K19 Master Plan, is gone with for “a number of landed house types plus combinations”, claimed the promotion and marketing representative.
It is near Sungei Punggol river additionally the Punggol Park Connector. Edmund Tie kept in mind that projects are advancing “to revamp the surrounding Punggol Reservoir right into a busy spot for pastime water adventures as part of the current Master Plan”.
Eating, purchasing also recreational amenities within the vicinity include The Seletar Mall, Greenwich V, The Oval @ Seletar Aerospace Park and also Seletar Country Club.
The residential property is likewise close-by several educational institutions including Nan Chiau High School, Rosyth Sch, NYP, Australian International School as well as IFS.
” Sizable upgrading sites for landed housing are seldom obtainable. The residential property, which is lasted by a solitary property owner, definitely grants a great option for current refurbishing,” mentioned Ms Swee, ED of Investment Advisory over at ET&Co.
Apart from housing developers interested on subdividing the spot to several landed residences, Shou Fern too looks forward to enthusiasm “from HNW also multi-generational households wanting to purchase for their own stay”.
” By having limited source of landed property in Singapore, a developing thing to purchase larger houses caused by work-from-home arrangements as well as a low rate of interest situation, everyone predict pursuit for landed house to remain solid.”
The offer for 2F Gerald Crescent ends on 9Feb 21.