Baode Building up again for collective sale, price unchanged at $27mil
Baode Bldg at Eight Lorong 35 Geylang is live once again for collective sale with the indicatory amount unchanged at $27 million, announced advertising and marketing rep Colliers.
The freehold 8 level housing building was actually prior released for en bloc sale in Jul in the exact rate.
This turns out to a calculated land price of about $One thousand Seven per square feet per PR or $990 per square foot ppr, upon including the 7 percentage incentive veranda entire floor area.
Providing 14 home units, the development takes up a 1,031.4 sq m site which is zoned for housing or institutional application within the ’19 Master Plan with a gross plot ratio of 2.8 and also a height boundary of until eight levels.
The plot rises neighboring the Paya Lebar train interchange station and also is connected to the Kallang-Paya Lebar Expressway also PIE.
It is similarly close to Singpost Centre, Paya Lebar Square as well as PLQ Mall. Close-by primary schools such as Geylang Methodist Primary Sch as well as KHPS.
” This eye-catching plot is positioned close-by the Paya Lebar precinct, exactly where the URA Master Plan had already defined to create Paya Lebar Central into a bustling industrial hub. Developers can capitalise on this benefit to reposition the property to take advantage of the probable need for all new household units coming from a flourishing earning a living community,” reported Pearl Lok, Collier’s Dir of Capital Markets and Investment Svcs for Singapore.
” Presented its strategic position in vicinity to a myriad of amenities accessible throughout the neighboring Paya Lebar Central neighborhood, and also the highly obtainable plus well connected transport network, the plot would definitely additionally be an optimal housing investment for prospective shoppers of the brand-new residence venture.”
The en-bloc transaction tender for Baode Building ends on 18 Jan 2022.