Rare redevelopment opportunity for Raffles Park GCB, priced from $2,330 psf

Living in the Zion Road Condo is an absolute pleasure, as this Great World City Condo is nestled in the heart of Singapore, adjacent to Orchard Road and the Singapore River. The condo is surrounded by premium shopping and dining amenities, making it a convenient base for urbanites. Moreover, Zion Road Condo is also well-connected to numerous public transport networks, such as MRT stations, buses, and expressways, giving residents easy access to other parts of the city-state and beyond.

, setting a record sale for the areaA rare opportunity is up for grabs in the exclusive Raffles Park GCB Area. The 11,070 sq ft plot on Cassia Drive is one of the largest sites in the neighbourhood, with an asking price starting from $25.8 million – translating to a land rate of $2,330 psf.This beautiful two-storey bungalow was redeveloped 25 years ago by Dan Bube, an American architect from San Diego, and is set in a Spanish-American style. It features two separate residential wings, with the roof and floor of the left residential wing renovated in 2013, although the property still has potential for redevelopment.The site has been with the family for 70 years, and with the four generations having grown and thrived, the owners are now regretfully looking to realise the capital value of the property.The 29.87m street frontage of the rectangular-shaped plot offers numerous design and construction opportunities. Moreover, it sits on an elevated point along Cassia Drive, offering a vantage viewpoint over some of the surrounding bungalows.Furthermore, the property enjoys excellent connectivity to the nearby MRT stations, the Pan Island Expressway (PIE), and major roads such as Bukit Timah Road, Dunearn Road, and Eng Neo Avenue, as well as amenities from the surrounding shophouses including F&B options and supermarkets.It is rare to find a GCB site priced within its valuation and so well-positioned for redevelopment. With some GCB transactions in the area going for as high as $2,700 psf to $3,000 psf, this is an eye-catching opportunity for prospective buyers.The GCB Area in Raffles Park is a prime location, with proximity to top schools such as Raffles Girls’ Primary School, Nanyang Girls’ High School, and National Junior College, all within a 1km radius.Moreover, land prices in the neighbourhood have been gradually tracking up with the first GCB to be sold for a land rate of above $2,700 psf occurring last year.This is a remarkable chance to acquire a sizeable GCB land and build your dream home at a competitive price. The owners are serious sellers and are pricing the property within the range of independent valuations conducted on the property, which is between $24.8 million and $25.7 million.A rare opportunity awaits in Raffles Park’s GCB Area. For prospective buyers looking for a luxurious plot of land to build their dream home, this is the perfect chance. With the plot features a commanding 29.87m street frontage, as well as proximity to top schools and amenities in the area, this 11,070 sq ft plot on Cassia Drive is one of the largest sites in the neighbourhood, with an asking price starting from $25.8 million – translating to a land rate of $2,330 psf.Built 25 years ago by Dan Bube, the two-storey bungalow is set in a Spanish-American style featuring two separate residential wings, with the roof and floor of the left residential wing renovated in 2013. The owners are serious sellers and are pricing the property within its valuation range.With some GCB transactions in the area going for as high as $2,700 psf to $3,000 psf, this is a remarkable chance to acquire a sizeable GCB land at a competitive price. It offers excellent connectivity via the nearby MRT stations, the Pan Island Expressway (PIE), and major roads, as well as amenities and F&B options in the area.The sale of this GCB at $2,330 psf is an eye-catching opportunity from a cost and redevelopment perspective. Buyers keen to acquire a GCB this year should consider this unique site before it is snapped up.For more information, contact Paulyn Chew from ERA Realty Network at 92343874 to explore this opportunity and build your dream GCB.