Gerald Crescent Redevelopment Site Up For Sale For $25mil
A refurbishing location at 2F Gerald Cres. has been opened for sale by means of tender by having a model price of $25 mil, reported main promotion and marketing professional ET&Co.
This turns out to more or less $785 psf accorded to the site’s measurement of 2,962.0 sq m.
Positioned inside of the Seletar Hills landed house acreage, the nine hundred ninety nine years leasehold spot is taken up by a bare landed property.
The usual shaped location, that is area for three floors blended landed housing in the 2K19 Master Plan, is gone with for “a variation of landed home types and blendings”, said the marketing agent.
The land is neighboring Sungei Punggol river as well as the Punggol PC. Edmund Tie documented the fact that plan of actions are in progress “to modify the close-by Punggol Reservoir into an engaged area for entertainment water play as aspect of the existing Master Plan”.
Eating, buying including leisure facilities inside the surroundings are The Seletar Mall, Greenwich V, The Oval @ Seletar Aerospace Park and also Seletar Country Club.
The residential property is in addition in close proximity to various educational institutions such as NCHS, Rosyth School, NYP, Australian International School and even IFS.
” Sizable upgrading locations for landed property are not usually provided. The residence, that is kept by a solo owner, likewise provides an awesome chance for immediate redevelopment,” announced Ms Swee, Executive Director of Investment Advisory at Edmund Tie.
Excluding housing developers interested on splitting the site to a few landed residences, Shou Fern additionally predicts curiosity “from high flyer and even multi-generational families planning to purchase for their own live in”.
” With constrained supply of landed homes in Singapore, a rising thing for bigger residential properties due to work-from-home setups plus a low interest rate environment, we anticipate interest for landed property to continue to be strong.”
The offer to obtain 2F Gerald Crescent terminates on 9February 2021.
