Holland Rise GCB Site For Sale For $68mil
A Holland Rise GCB site including 3 adjacent plots of ground is in the market for transaction by EOI by having an indicative value of $Sixty Eight mil, shared exclusive advertising real estate agent CWK.
The freehold uninhabited lots are situated in the Holland Rise GCB Zone, taking up an overall acreage of 52,992 sq ft.
Cushman & Wakefield ED of Capital Markets Shaun Poh observed that customers receive the decision to purchase an individual plot or more than one lots.
Within reach using 2 blind alleys– one at East Sussex Ln and another at Holland Rise, the property is close-by Holland Village Mass Rapid Transit terminal in addition to the diverse Food and Beverage providings together with life style amenities just within the Holland V zone.
The estate is furthermore a 10 to 15 minutes’ commute to the CBD also Orchard Rd.
“Chance to obtain gigantic adjacent GCB land lots such as this particular are really unusual,” claimed Shaun.
Regardless of the pandemic, the GCB market signed up remarkably busy transactions, by having a GCB at 1 Chatsworth Park transacted for $44 mil ($2,082 per square foot on land) last month.
“Short distance to the property at nearby Oei Tiong Ham Park, 17A Leedon Park got worked out a deal last Sept at $Seventy-three mil ($1.643K psf on land). All of these transactions are testimony to Good Class Bungalow being a absolutely tough also alluring land class,” said additionally Poh.
The EOI exercise for the Holland Rise GCB site finalizes on 9February 2021.