Holland Rise GCB up for Sale

Holland Rise GCB

An Express of Interest Good Class Bungalsa (EOI) site in Holland Raise, comprising three sections, has been unveiled by the exclusive marketing agent Cushman & Wakefield at an indicative price of $68 millions.

The GCB market reported reasonably active transactions, considering the pandemic and a GCB transacted for $44 million last month in 1 Chatsworth Park ($2,082 psf on land).

The vacant freehold plots occupy a region of 52,992 sq ft within the GCB Holland Raise area.

Cushman & Wakefield Capital Markets Director Shaun Poh observed that purchasers have a single or several parts option to purchase.

It has a broad variety of F&B choices and lifestyles throughout Holland Village, and the property is reachable through two cul-de-sacs: the one at East Sussex Lane and the other at Hollande Raise.

The Central Business District and Orchard Road are a 10-15 minute drive from the house. “There are extremely few opportunities for the acquisition of large adjacent GCB land plots,” Poh said.

17A Leedon Park was transacted at 73 million dollars ($1.643 psf on land) in September last year close to the property in close proximity to Oei Tiong Ham Parks. These transactions are evidence that GCBs are a powerful and desirable class of assets,” Poh said.

The EOI exercise is closed on 9 February for the Holland Raise GCB platform.

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