Gerald Crescent Redevelopment Site Up For Sale For $25mil

A revamping location at 2F Gerald Crescent was launched offer for sale with bidding with a guide figure of $Twenty-five mil, announced one and only advertising specialist Edmund Tie.

The price calculates to approximately $785 psf based upon the site’s measurement of 2,962.0 sq m.

Located amongst the Seletar Hills landed property grounds, the nine hundred ninety nine years rental plot is utilized by a tenantless house.

The standard formed site, that is area for 3 floors mixed landed home shown in the 2K19 Master Plan, is matched for “a wide range of landed homes varieties and blendings”, mentioned the marketing and advertising agent.

The land is near Sungei Punggol river as well as the Punggol PC. ET&Co kept in mind the fact that arrangements are underway “to revamp the surrounding Punggol Reservoir into an active area for family water fun time as portion of the latest Master Plan”.

Eating, buying and leisure services inside the area include The Seletar Mall, Greenwich V, The Oval @ SAP also Seletar Country Club.

The house is additionally close to a variety of schools including NCHS, Rosyth School, NYP, AIS and also IFS.

” Spacious refitting plots for landed home are seldom available for purchase. The residential property, which is lived on by a solitary homeowner, additionally presents an outstanding possibility for immediate revamping,” announced Ms Swee, Executive Director of Investment Advisory at ET&Co.

Penrose price

Beside domestic construtors eager on redividing the location to a number of landed houses, Shou Fern also foresees attraction “from high flyer and multi-generational families seeking to invest for their private stay”.

” With limited number of landed home in SG, an evolving pattern to purchase larger properties caused by work-from-home arrangements and a low interest rate environment, we look forward to interest for landed homes to stand stable.”

The bid for 2F Gerald Crescent terminates on 9 Feb.


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