Gerald Crescent Redevelopment Site Up For Sale For $25mil
A reconditioning site at 2F Gerald Crescent has been commenced up for sale by tender using a model price of $Twenty-five mil, explained sole advertising agent Edmund Tie.
This calculates to almost $785 per square foot based upon the spot’s space of 31,882 sq foot.
Placed inside of the Seletar Hills landed home acreage, the 999-year leasehold location is utilized by a deserted landed property.
The ordinary designed location, that is area for 3 floors bundled landed homes shown in the 2K19 Master Plan, is fit for “a mixture of landed home options and mixes”, revealed the marketing and advertising representative.
The land is alongside Sungei Punggol river in addition to the Punggol Park Connector. Edmund Tie kept in mind that arrangements are underway “to make over the surrounding Punggol Reservoir into an active space for leisure water adventures as part of the current Master Plan”.
Dining, buying and recreational features inside of the vicinity contain The Seletar Mall, Greenwich V, The Oval @ Seletar Aerospace Park and also Seletar Country Club.
The residence is in addition close to a number of schools including NCHS, Rosyth School, NYP, Australian International School plus International French School.
” Large upgrading sites for landed home are infrequently attainable. The residence, that is lived on by a specific property owner, furthermore creates an extraordinary benefit for urgent improvements,” claimed Ms Swee, Executive Director of Investment Advisory over at Edmund Tie.
Beside house construtors eager on subdividing the location to numerous landed homes, she in addition predicts enthusiasm “from HNW and even multi-generational families planning to purchase for their private live in”.
” With limited source of landed property in SG, an increasing thing to attain bigger houses due to WFH setups and even a lowered rates of interest situation, everyone look forward to interest for landed house to stay sturdy.”
The tender to obtain 2F Gerald Crescent concludes on 9 Feb.