Cushman & Wakefield has been appointed as the marketing agent for the sale of two very prime hilltop Good Class Bungalow (GCB) plots at 26A & 26B Peirce Road. The two adjacent properties, surrounded by greenery, have a total land area of approximately 32,478 sq ft.
“We have often been approached by clients looking to acquire large prime GCB plots of above 30,000 sq ft, but there are very few available in the market due to scarcity. The subject properties, when combined, present an excellent investment opportunity for discerning buyers who aspire to build their dream home on a sizable and elevated GCB plot that is not only extremely exclusive but also comes with a commanding view of the surrounding areas.” – Mr. Shaun Poh, Executive Director, Capital Markets
According to the 2014 Master Plan, the properties are zoned ‘Residential’ within the elite ‘Ridout Park Good Class Bungalow Area’. The freehold GCBs have an existing Gross Floor Area (GFA) of approximately 8,400 sq ft each, suitable for immediate occupation or redevelopment and are only for sale jointly. The properties are expected to appeal to high net worth individuals or families looking to invest in a home within a coveted residential enclave with a prestigious address.
Located near an exclusive and tranquil cul-de-sac on Peirce Road, the properties are just a 7 minutes’ drive from the Orchard Road shopping district, a short walk to the Singapore Botanic Gardens (a UNESCO World Heritage Site), and a stone’s throw away from the Dempsey Hill cluster, a popular locale for recreation and dining.
The properties have excellent accessibility because of its close proximity to major arterial roads and expressways, such as Holland Road, Bukit Timah Road, Dunearn Road, Ayer Rajah Expressway (AYE), Central Expressway (CTE) and Pan Island Expressway (PIE).
The Expression of Interest exercise for 26A & 26B Peirce Road will close on 27 September 2017 (Wednesday) at 3.00pm.
For further information, please contact:
Executive Director, Capital Markets
+65 6232 0882
Executive, Marketing & Communications
About Cushman & Wakefield
Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. Our 45,000 employees in more than 70 countries help occupiers and investors optimize the value of their real estate by combining our global perspective and deep local knowledge with an impressive platform of real estate solutions. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $6 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. 2017 marks the 100-year anniversary of the Cushman & Wakefield brand. 100 years of taking our clients’ ideas and putting them into action. To learn more, visit www.cushwakecentennial.com, www.cushmanwakefield.com or follow @CushWake on Twitter.