Geylang development up for collective sale for $27mil
Baode Building, an eight level home project at 8 Lor Thirty Five Geylang, has already been launched for combined sale by having an indicative value of $27 mil, shared Colliers Int’l.
This attains to a ground cost of roughly $989 psf per plot scale or $Nine hundred Sixty Seven psf per PR when including the Seven percentage perk balcony GFA.
The freehold development presents 14 lodging flats and also holds a 11thousand 1hundred and 2 sq feet location that is zoned for housing or institutional purpose beneath the 2K19 Master Plan with an entire PR of 2.8. The plot also gets an allowable elevation of until eight floors.
Baode Building stands close-by Paya Lebar Mass Rapid Transit interchange station furthermore is attached to the KPE plus Pan Island Highway.
The project is similarly close to Singpost Centre, Paya Lebar Square plus PLQ Shopping mall, while neighboring institutions feature GMPS as well as Kong Hwa Pri Sch.
“This location boasts an impressive capability for renovating or shifting the possession as it’s found near the Paya Lebar zone exactly where the Urban Redevelopment Authority Master Plan consider to cultivate Paya Lebar Hub toward a busy commercial hub,” revealed Steven Tan, Exec Dir of Investment Services at Colliers Int’l.
“The rare free lease term of the location definitely ensures long-term reassurance for makers, significantly at this type of a major work vicinity,” he continued.
The en bloc sale tender for Baode Building terminates on 18August.