Geylang development up for collective sale for $27mil
Baode Building, an eight-storey home project at Eight Lorong 35 Geylang, has recently been launched for en bloc with a suggestive figure of $27 mil, revealed Colliers Int’l.
This achieves to a land price of about $Nine hundred Eighty Nine psf ppr or $967 per square foot per piece scale when taking into account the 7 % additional patio gross ground space.
The free lease development offers 14 home units also takes up a 1,031.4 square m ground that is zoned for institutional or home application within the 2K19 Master Plan with a complete plot scale of 2.8. The spot moreover receives a permitted tallness of up to 8 levels.
Baode Building stands nearby Paya Lebar Mass Rapid Transit interchange station and is attached to the KPE also Pan Island Highway.
The project is at the same time near to Singpost Centre, Paya Lebar Square and also PLQ Mall, whereas neighboring schools consist of GMPS as well as Kong Hwa Pri Sch.
“This ground boasts an amazing potentiality for rebranding or rearranging the resource since it’s situated close to the Paya Lebar community where the Urban Redevelopment Authority Master Plan ideate to build Paya Lebar Central into a dynamic business center,” explained Steven Tan, Executive Dir of Investment Services at Colliers Int’l.
“The rare free lease tenancy of the place at the same time assures long-term reassurance for developers, significantly at this sort of a major recruitment place,” he boosted.
The en bloc sale tender for Baode Building terminates on 18August.