Gerald Crescent Redevelopment Site Up For Sale For $25mil
A redevelopment spot at 2F Gerald Cres. has been released offer for sale with tender utilizing a guide value of $Twenty Five mil, published single marketing agent ET&Co.
This figures out to about $785 psf based upon the location’s space of 2,962.0 sq m.
Discovered inside the Seletar Hills landed house estate, the 9hundred 99 years rental site is taken up by a deserted landed property.
The standard designed plot, which is region for three-storey blended landed home in the 2019 Master Plan, is fit for “a mixture of landed house sorts also blendings”, announced the advertising and marketing agent.
It is alongside Sungei Punggol river and also the Punggol Park Connector. Edmund Tie observed the fact that arrangements are in progress “to transform the surrounding Punggol Reservoir into an engaged space for recreational water activities as a component of the current Master Plan”.
Dining, buying plus entertainment features among the location contain The Seletar Mall, Greenwich V, The Oval @ SAP along with Seletar Country Club.
The home is furthermore near multiple colleges consisting of NCHS, Rosyth School, Nanyang Polytechnic, Australian International School as well as IFS.
” Large refurbishing spots for landed property are seldom provided. The residence, that is remained by a specific homeowner, definitely provides an awesome option for quick refurbishing,” reported Swee Shou Fern, Executive Director of Investment Advisory at Edmund Tie.
Other than residence developers eager on subdividing the spot to numerous landed homes, Ms Swee in addition predicts attention “from HNW and also multi-generational households planning to purchase for their own reside”.
” With minimal supply of landed housing in Singapore, an increasing thing to attain larger houses because of the work-from-home setups and even an affordable rates of interest environment, we predict need for landed property to remain solid.”
The offer for 2F Gerald Crescent discontinues on 9February 2021.