Gerald Crescent Redevelopment Site Up For Sale For $25mil
A refitting spot at 2F Gerald Cres. has been opened to buy by bidding utilizing a model rate of $Twenty Five mil, exposed sole advertising agent ET&Co.
This formulates to roughly $785 psf based on the plot’s area of 2,962.0 sq meter.
Situated inside the Seletar Hills landed homes estate, the 9hundred 99 years hire agreement plot is occupied by a bare landed property.
The standard sized plot, which is zoned for three-storey blended landed house mentioned in the 2019 Master Plan, is pleased for “a wide range of landed home categories plus combinations”, stated the promotion and marketing agent.
It is nearby Sungei Punggol river in addition to the Punggol PC. Edmund Tie documented that arrangements are initiated “to transform the neighboring Punggol Reservoir right into an energetic space for fun water play as part of the current Master Plan”.
Eating, buying and recreational features among the vicinity are The Seletar Mall, Greenwich V, The Oval @ Seletar Aerospace Park along with Seletar Country Club.
The house is additionally nearby a number of schools such as NCHS, Rosyth School, Nanyang Polytechnic, Australian International School also International French School.
” Large refitting sites for landed home are seldom in the market. The home, that is lasted by an individual owner, also presents an awesome possibility for prompt refitting,” shared Swee Shou Fern, ED of Inv Advisory over at ET&Co.
Other than house construtors interested on partitioning the spot to multiple landed residences, Ms Swee likewise looks forward to attention “from HNW along with multi-generational families considering to purchase for their personal reside”.
” By having limited stock of landed homes in SG, a growing pattern to attain larger houses caused by work-from-home plans and even a lowered interest rate atmosphere, we look forward to pursuit for landed property to remain stable.”
The bid for 2F Gerald Crescent closes on 9Feb 21.