Geylang development up for collective sale for $27mil
Baode Building, an eight-storey home project at Eight Lor Thirty Five Geylang, has already been put up for en bloc with an indicative cost of $Twenty Seven mil, shared Colliers Int’l.
This formulates to a ground cost of almost $989 psf per PR or $Nine hundred Sixty Seven per sq ft per PR when considering the 7 % added deck GFA.
The freehold development includes 14 housing units and takes up a 11.102K sq feet place that is zoned for housing or institutional use under the ’19 Master Plan with a total PR of 2.8. The place moreover carries an allowed tallness of up to eight floors.
Baode Building is located nearby Paya Lebar Train interchange terminal furthermore is networked to the KPE and also Pan Island Highway.
The project is furthermore close to Singpost Centre, Paya Lebar Square and Paya Lebar Quarter Mall, meantime neighboring academies involve GMPS and KHPS.
“This place possesses an impressive potentiality for shifting the resource or rebranding given that it is located around the Paya Lebar community exactly where the Urban Redevelopment Authority Master Plan consider to generate Paya Lebar Hub in to a bustling industrial hub,” pointed out Steven Tan, ED of IS at Colliers Int’l.
“The scarce free lease period of the location furthermore guarantees permanent confidence for makers, in particular at such a notable job zone,” he added.
The en bloc transaction offer for Baode Building ends on 18Aug.