Colliers is proud to announce the upcoming sale of a highly coveted block of land located at 63-67 Kent Road, Orchard Hills.
The property, situated directly opposite the soon-to-be-completed Orchard Hills Metro Station, spans 2.02 hectares and offers an unprecedented investment opportunity in the rapidly expanding region.
Under the appointment of Thomas Mosca and Nick Estephen, this extraordinary land parcel is set to captivate the interest of both investors and developers alike. The private family behind the sale has entrusted Colliers team to an auction campaign, with price expectations of over $10 million.
The highlight of this unparalleled opportunity lies in its exceptional location. Situated just 400 meters from the brand-new Orchard Hills Metro Station, this property is poised to benefit from the forthcoming rezoning plans. The rezoning is anticipated to permit high-rise developments, setting the stage for a ground-breaking transformation of the area.
“The land at 63-67 Kent Road presents a compelling opportunity for investors to enter the burgeoning rezoning land market,” says Thomas Mosca, Director at Colliers. “With its strategic positioning directly opposite the future Orchard Hills Metro Station, this property is well-positioned to be at the forefront of the market’s appetite for land.”
As the first property in the street to be offered for auction in recent times, it serves as a significant litmus test for investor interest in this emerging market segment. The unprecedented development potential promises to attract visionary investors seeking to capitalize on the area’s rapid growth and the increased connectivity that the Orchard Hills Metro Station will bring.
Prospective buyers will have the unique opportunity to shape the future of Orchard Hills and leave their mark on the evolving landscape of the region.
“We expect the auction to draw significant attention from developers and investors eager to seize the advantages offered by this exceptional property,” affirms Nick Estephen, Director at Colliers. “With its proximity to the soon-to-be-completed Orchard Hills Metro Station and the prospects of rezoning, this land parcel offers unmatched potential for future high-rise developments.”
The property will be offered for sale via on site public auction, to be held on Saturday, 19th August 2023 at 10:30am.
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