Geylang development up for collective sale for $27mil

Baode Building, an eight level housing development at 8 Lorong 35 Geylang, has already been launched for en bloc by having an indicative value of $Twenty Seven million, disclosed Colliers International.

This puts together to a land cost of about $9hundred 89 psf per plot ratio or $Nine hundred Sixty Seven per square feet ppr upon considering the 7 percentage advantage terrace entire floor area.

The free rental project offers 14 housing apartments and also holds a 11,102 sq feet site that is sector for institutional or residential benefit under the 2K19 Master Plan with a gross PR of 2.8. The spot also carries an allowed altitude of around 8 storeys.

Baode Building lies nearby Paya Lebar Train interchange terminal plus is linked up to the KPE also Pan Island Expressway.

The project is in addition near Singpost Centre, Paya Lebar Square including PLQ Shopping mall, whereas close-by institutions include GMPS as well as KHPS.

Pollen Collection Singapore

“This site exhibits a fascinating capacity for shifting the property or rebranding as it is located close to the Paya Lebar neighborhood where the Urban Redevelopment Authority Master Plan ideate to grow Paya Lebar Central toward a bustling industrial center,” announced Steven Tan, ED of Investment Services at Colliers Int’l.

“The rare free lease period of the place definitely ascertains long-lasting peace of mind for property developers, significantly at this sort of a primary recruitment zone,” he continued.

The collective sale transaction offer for Baode Building terminates on 18August.

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