The two hilltop GCB (good class bungalow) schemes at 26B and 26A Peirce Road off Holland Road have been raise for sale by EOI (expression of interest), stated the Cushman & Wakefield’s marketing agent.
Zoned residential underneath the year 2014 Master Plan, the bordering freehold bungalows have a overall land area of around 32,478 square feet and a current gross floor area of approximately 8,400 square feet each.
The GCBs are appropriate for direct occupation or redevelopment and are barely for sale together with a revealing price of over $65 million, mentioned Cushman & Wakefield. The querying price works out to merely around $2,000 psf on the land.
“We have regularly been addressed by clients looking to obtain huge prime GCB plots of over 30,000 square feet, nevertheless there are very few accessible in the market because of scarcity,” said the Cushman & Wakefield’s executive director and capital market, Shaun Poh.
“The subject properties, when joint, propose an outstanding investment opportunity for knowing purchasers who aim to build their dream home.”
Positioned nearby a cul-de-sac, the properties are near to the Singapore Botanic Gardens, entertainment options and dining at Holland Village and Dempsey Hill.
The EOI exercise will end on September 27, 2017.