Large Holland Rise GCB plot on the market for $106 mil
Granted the dimension of the area, there is capability for the site to become partitioned right into two or 3 GCBs, states Knight Frank. It even mentions that the plot is around 3 times beyond the minimum land scale of 1,400 sq m (15,064 sq ft) needed to be viewed a GCB property development.
The location is near to Holland Village MRT Station on the Circle Line. This indicates it is alongside the F&B and even lifestyle amenities in the Holland Village place. This includes the upcoming One Holland Village mixed-use development, Holland Drive Market & Food Centre, Chip Bee Gardens, also a host of snack bars along Lorong Mambong.
Based upon research study by Knight Frank, latest GCB deals in the district consist of the sale of 54 Cornwall Gardens for $47 million, mirroring a land price of $2,162 psf. On the other hand, the GCB at 32 White House Park was offered for $45.5 million, or $3,017 psf on the property area.
“Given the limited availability of prime landed residences, particularly a huge one similar to this, paired with good interest from foreign ultra-high-net-worth families that are willing to pay for rental fees for this kind of houses, we assume keen attraction for this list,” claims Sai.
A 52,992 sq feet Good Class Bungalow (GCB) plot on Holland Rise has recently been offered for $106 million. This arranges to a land cost of $2,000 psf, according to a press release by Knight Frank Singapore, the single promotion agent for this profit.
” The non commercial surround gives a peaceful and easy-going vibe, and is extremely demanded by possible house buyers,” states Mary Sai, managing supervisor of Capital Markets, Knight Frank Singapore.
The location is situated off Holland Street in prime District 10 including the plot of property lies throughout the exclusive Holland Rise GCB region. According to news agency launch, the site is accessible using 2 various dead ends, one at Holland Rise and even the other in East Sussex Lane.
Sai incorporates: “Bigger is indeed much better– would-be buyers are inundated with numerous alternatives in regards to style as well as will certainly manage to develop a spectacular residence of their aspirations.”
