Gerald Crescent Redevelopment Site Up For Sale For $25mil
A refurbishing site at 2F Gerald Crescent was introduced available by means of bidding by a model rate of $Twenty-five mil, revealed one and only advertising and marketing rep ET&Co.
This calculates to more or less $785 psf formed on the plot’s measurement of 2,962.0 sq meter.
Found within the Seletar Hills landed homes acreage, the 9hundred 99 years leasehold spot is inhabited by a deserted house.
The ordinary sized plot, which is zoned for 3 floors varying landed property shown in the 2019 Master Plan, is pleased for “a variation of landed homes sorts and combinations”, claimed the advertising professional.
It is neighboring Sungei Punggol river and also the Punggol PC. ET&Co marked the fact that plan of actions are advancing “to modify the surrounding Punggol Reservoir in the direction of through to a dynamic spot for recreational water fun time as a component of the recent Master Plan”.
Dining, buying plus leisure facilities inside the surroundings include The Seletar Mall, Greenwich V, The Oval @ Seletar Aerospace Park plus Seletar Country Club.
The residence is at the same time nearby a variety of colleges consisting of NCHS, Rosyth Sch, Nanyang Polytechnic, AIS and also IFS.
” Sizable refurbishing plots for landed housing are seldom obtainable. The house, which is possessed by a specific homeowner, furthermore creates an extraordinary opportunity for quick redevelopment,” announced Swee Shou Fern, ED of Investment Advisory over at ET&Co.
Besides house construtors interested on splitting the spot to a number of landed homes, Ms Swee additionally foresees enthusiasm “from HNW and multi-generational family groups aiming to buy for their private reside”.
” With constrained amount of landed housing in Singapore, an expanding pattern to attain larger residences due to WFH arrangements and even an economical rates of interest environment, we look forward to demand for landed housing to stay strong.”
The tender for 2F Gerald Crescent ends on 9 February.