Gerald Crescent Redevelopment Site Up For Sale For $25mil
A revamping site at 2F Gerald Crescent was debuted available through offer by having a model rate of $Twenty-five mil, explained sole promotion and marketing professional Edmund Tie.
The price figures out to more or less $785 psf accorded to the location’s measurement of 2,962.0 sq m.
Located among the Seletar Hills landed homes grounds, the 999-year tenancy spot is utilized by a tenantless landed property.
The typical formed plot, which is sector for 3 levels varying landed home shown in the 2019 Master Plan, is accommodated for “a range of landed home categories also combinations”, claimed the advertising and marketing specialist.
The land is within stone’s throw Sungei Punggol river as well as the Punggol PC. ET&Co noted the fact that strategies are advancing “to modify the nearby Punggol Reservoir in the direction of through to an energetic location for entertainment water fun time as aspect of the existing Master Plan”.
Eating, purchasing and also recreational services inside the neighborhood are The Seletar Mall, Greenwich V, The Oval @ SAP and also Seletar Country Club.
The house is likewise close-by multiple colleges consisting of Nan Chiau High School, Rosyth Sch, Nanyang Polytechnic, AIS and even IFS.
” Spacious refitting locations for landed homes are seldom available for purchase. The residential property, which is possessed by an individual homeowner, also creates a phenomenal venture for current revamping,” stated Swee Shou Fern, ED of Investment Advisory at Edmund Tie.
In addition to residential developers intent on parting the location to a number of landed houses, Shou Fern also anticipates enthusiasm “from HNW and also multi-generational households aiming to purchase for their private live in”.
” By having restricted quantity of landed property in SG, a developing trend to attain bigger properties because of WFH arrangements and also an affordable rates of interest situation, we expect need for landed house to maintain high.”
The offer to obtain 2F Gerald Crescent ends on 9Feb 21.