Geylang development up for collective sale for $27mil
Baode Building, an eight-storey domestic development at Eight Lorong 35 Geylang, has already been put together for combined sale by having a suggestive value of $Twenty Seven mil, communicated Colliers International.
This formulates to a ground cost of nearly $9hundred 89 per square foot ppr or $Nine hundred Sixty Seven psf per PR upon including the Seven percentage reward balcony GFA.
The freehold development includes Fourteen accomodation units and also covers a 11thousand 1hundred and 2 sq foot spot that is sector for residential or institutional usage within the 2K19 Master Plan with a gross land ratio of 2.8. The ground even enjoys an allowable highness of as high as eight floors.
Baode Building stands close to Paya Lebar Mass Rapid Transit interchange station furthermore is networked to the Kallang-Paya Lebar Highway and also Pan Island Highway.
The development is at the same time alongside Singpost Centre, Paya Lebar Square also Paya Lebar Quarter Shopping center, whereas close-by institutions consist of GMPS and also KHPS.
“This place claims an exciting capability for freshen up or shifting the resource considering that it is placed near the Paya Lebar community exactly where the URA Master Plan envisage to establish Paya Lebar Hub right into a bustling commercial hub,” claimed Steven Tan, Exec Dir of IS at Colliers International.
“The scarce freehold term of the location at the same time ascertains long-term peace of mind for developers, in particular at this type of a major work location,” he added.
The en bloc sale tender for Baode Building terminates on 18Aug.