A 24,000 sq ft Good Class Bungalow (GCB) site (pictured) located at the Holland Rise GCB Area in District 10 has been launched for sale by Expression of Interest (EOI).
“The property is situated on an elevated ground, at one of the highest points in the exclusive Holland Rise GCB estate. When redeveloped, the new bungalow will offer views of the city landscape,” said Mary Sai, Executive Director, Investment (Commercial Sales) at marketing agent Knight Frank.
The property has an indicative price of between S$1,300 to S$1,500 psf on the land area.
The site is conveniently located near Holland Village MRT station and reputable schools like Henry Park Primary School and Methodist Girls’ School. Shopping and eating establishments are also nearby.
“Based on the number of GCB transactions in the past quarter, the demand for GCBs has been holding steady, with about 14 sales caveats lodged in the third quarter of 2012. We expect a fairly good response for the subject property,” added Sai.
The EOI for the site closes on 22 November.
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