Situated around the Holland Village partie, Sixth Avenue as nicely as the Singapore Botanic Gardens, the two-storey freehold property sits on the 27, 000 sq toes site and contains a floors area of 15, 714 sq ft. It incorporates a lift, covered car deck, playground, landscaped garden, pool and a basketball the courtroom.

“Given the rarity associated with a GCB of this specific size being organized with regard to auction, we anticipate the particular response to be excellent, ” said Sharon Shelter, head of auction plus sales at Knight Outspoken Singapore.

View site amenities nearby at Parc Canberra Sembawang.

The Urban Redevelopment Authority has said that will GCBs possess a minimum area area of 1, four hundred sq m or 12-15, 069 sq ft.

Shelter noted that two GCBs within the area are already sold in the earlier year. By having an area regarding 15, 004 sq feet, the GCB at 63 Belmont Road was distributed last month for $39. 8 million or $2, 654 psf, while the particular 15, 069 sq foot GCB at 43 Belmont Road was transacted previous August for $33. 6 million or $2, 243 psf.

In a mortgagee sale, a house will be foreclosed by a traditional bank after the owner offers defaulted on the mortgage loan. The property is place up for sale intended for the bank to restore outstanding debt.