Gerald Crescent Redevelopment Site Up For Sale For $25mil

An upgrading site at 2F Gerald Crescent was launched offer for sale by means of offer using a standard value of $Twenty-five mil, reported only advertising and marketing rep Edmund Tie.

This figures out to almost $785 per square ft formed on the site’s space of 2,962.0 sq meter.

Placed inside the Seletar Hills landed homes grounds, the 999-year rental spot is occupied by an unused house.

The regular shaped location, that is region for 3 floors varying landed homes in the 2K19 Master Plan, is gone with for “a mixture of landed property kinds and blendings”, said the marketing representative.

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The land is alongside Sungei Punggol river alongside the Punggol PC. Edmund Tie noted that strategies are underway “to transform the neighboring Punggol Reservoir in the direction of through to an energetic spot for fun water fun time as portion of the recent Master Plan”.

Dining, shopping also entertainment amenities inside of the proximity are The Seletar Mall, Greenwich V, The Oval @ Seletar Aerospace Park plus Seletar Country Club.

The residence is furthermore close to a number of colleges such as Nan Chiau High School, Rosyth Sch, NYP, Australian International School and even IFS.

” Substantial refitting sites for landed home are infrequently offered. The residential property, which is lasted by a solo owner, at the same time provides a phenomenal possibility for immediate refurbishing,” revealed Ms Swee, ED of Investment Advisory in Edmund Tie.

Excluding housing builders intent on splitting the location to numerous landed homes, Shou Fern additionally looks forward to interest “from high flyer also multi-generational family groups seeking to purchase for their personal live in”.

” By having restricted amount of landed home in S’pore, a rising mode to get larger residential properties due to work-from-home plans and even an affordable interest rate situation, everyone foresee demand for landed homes to carry on stable.”

The bid to get 2F Gerald Crescent discontinues on 9 Feb.

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