Gerald Crescent Redevelopment Site Up For Sale For $25mil
A redevelopment plot at 2F Gerald Cres. was commenced available for sale via bidding by having a model deal of $Twenty Five mil, published main marketing and advertising agent Edmund Tie.
This turns out to approximately $785 per square foot accorded to the plot’s measurement of 31,882 sq foot.
Discovered within the Seletar Hills landed house estate, the 9hundred 99 years tenture spot is inhabited by a vacant house.
The typical shaped site, which is zoned for three floors bundled landed housing under the 2K19 Master Plan, is accommodated for “a mixture of landed home types and also mixtures”, mentioned the advertising and marketing professional.
It is neighboring Sungei Punggol river as well as the Punggol PC. Edmund Tie noted that plans are ongoing “to improve the surrounding Punggol Reservoir in the direction of through to a purposeful area for recreational water functions as part of the latest Master Plan”.
Dining, purchasing and also recreational amenities inside the surroundings are The Seletar Mall, Greenwich V, The Oval @ SAP and also Seletar Country Club.
The property is in addition close-by a variety of educational institutions such as NCHS, Rosyth Sch, Nanyang Polytechnic, Australian International School and even IFS.
” Large redevelopment spots for landed homes are not often obtainable. The home, that is maintained by a solitary homeowner, at the same time offers a great option for instant reconditioning,” announced Swee Shou Fern, Executive Director of Investment Advisory at Edmund Tie.
Excluding residential builders interested on redividing the spot to a few landed homes, she in addition predicts interest “from HNW and also multi-generational family groups seeking to purchase for their personal live in”.
” With short amount of amount of landed home in Singapore, an evolving thing to get bigger properties because of the work-from-home plans and even an economical interest rate situation, everyone look forward to interest for landed home to stay solid.”
The offer for 2F Gerald Crescent concludes on 9 Feb.