Large Holland Rise GCB plot on the market for $106 mil
Granted the measurements of the area, there is possibility for the place to be partitioned into two or 3 GCBs, claims Knight Frank. It even indicates that the plot is approximately 3 times greater than the minimum land dimension of 1,400 sq m (15,064 sq ft) required to be viewed a GCB property development.
Based on study by Knight Frank, current GCB deals in the surroundings consist of the purchase of 54 Cornwall Gardens for $47 million, reflecting a land price of $2,162 psf. At the same time, the GCB at 32 White House Park was offered for $45.5 million, or $3,017 psf on the land area.
The Continuum showflat location
The spot is close to Holland Village MRT Station on the Circle Line. This implies it is near the F&B and even lifestyle amenities in the Holland Village area. This features the upcoming One Holland Village mixed-use project, Holland Drive Market & Food Centre, Chip Bee Gardens, and a range of coffee shops throughout Lorong Mambong.
“Given the minimal supply of prime landed residences, particularly a significant one similar to this, coupled with good interest from foreign ultra-high-net-worth families that are eager to pay leasing fees for this kind of properties, we assume eager attraction for this listing,” says Sai.
Sai incorporates: “Larger is indeed better– would-be purchasers are swamped with multiple choices in regards to design as well as will certainly have the ability to develop a spectacular residence of their aspirations.”
” The residence enclave provides a serene and carefree vibe, and also is highly demanded by possible home purchasers,” states Mary Sai, executive manager of Capital Markets, Knight Frank Singapore.
A 52,992 sq ft Good Class Bungalow (GCB) plot on Holland Rise has already been put up for sale for $106 million. This turns out to a land price of $2,000 psf, according to a news release by Knight Frank Singapore, the single marketing agent for this transaction.
The site is located off Holland Road in top District 10 including the plot of property exists within the exclusive Holland Rise GCB spot. According to news agency launch, the site is reachable by means of two separate dead ends, one at Holland Rise and even the other at East Sussex Lane.
