Two GCB freehold plots up for sale

Two adjacent sites totalling 45,155 sq ft of sprawling freehold land in the Chee Hoon Avenue Good Class Bungalow Area in the Dunearn/Adam Road location have come on the market.

The indicative price is $1,600-$1,800 per square foot of land area, which works out to around $72.2 million to $81.3 million.

The most recent transaction in the Chee Hoon GCB Area was that of No 28 Chee Hoon Avenue, which changed hands in November last year at $1,660 psf, she noted.

The latest property on the market comprises two land lots of 18,989 sq ft and 26,166 sq ft at Jalan Asuhan, off University Road. The site can be accessed via Dunearn, Bukit Timah and Adam roads.

Potential buyers may choose to buy one or both plots. The property is on one of the highest points in the neighbourhood offering a panoramic view.

Source: Business Times – 9 October 2012