Baode Building up again for collective sale, price unchanged at $27mil
Baode Building at Eight Lor 35 Geylang is up afresh for cumulative sale with the indicatory price tag fixed at $Twenty Seven million, revealed promotion and marketing agent Colliers.
The freehold eight storey household facility was once released for enbloc deal in Jul within the very same value.
The price works out to an estimated land price of approximately $1.007K psf per plot ratio or $Nine hundred Ninety psf ppr, upon including the Seven % added bonus balcony GFA.
Providing 14 lodging units, the development covers a 1thousand 31.4 sq metre location which is sector for household or institutional usage beneath the 2K19 Master Plan along with a gross plot ratio of 2.8 and also an altitude restriction of right up to eight storeys.
The site stands close to the Paya Lebar train interchange terminal furthermore is connected to the Kallang-Paya Lebar Expressway plus Pan Island Expressway.
It is likewise next to Singpost Centre, Paya Lebar Square as well as PLQ Shopping Mall. Adjacent primary schools consist of GMPS plus Kong Hwa Primary Sch.
” This eye-catching plot is located around the Paya Lebar district, in which the Urban Redevelopment Authority Master Plan had actually bounded to cultivate Paya Lebar Central toward a dynamic industrial hub. Property developer could certainly take advantage on this benefit to rearrange the property to use the probable requirement for all new non commercial units out of a flourishing working citizen,” claimed Pearl Lok, Collier’s Dir of CM and Investment Svcs for Singapore.
” Given its key site in distance to an assortment of amenities accessible around the close-by Paya Lebar Central area, together with the highly accessible and well-connected transportation system, the location would certainly equally be a perfect property investment decision for future buyers of the new residence property.”
The collective sale tender for Baode Building ceases on 18 January 2022.