Baode Building up again for collective sale, price unchanged at $27mil
Baode Building at 8 Lorong 35 Geylang is coming afresh for enbloc sale by having the indicatory price unaltered at $Twenty Seven mil, disclosed promotion and marketing agent Colliers.
The freehold eight-storey home property was previously launched for enbloc sale in Jul at the same value.
The price turns out to an approximated land rate of around $One thousand Seven psf ppr or $Nine hundred Ninety per sq ft ppr, once including the Seven % bonus offer veranda GFA.
Providing 14 home units, the development occupies a 11thousand 1hundred 2 square feet location that is zoned for home or institutional purpose underneath the ’19 Master Plan with a gross PR of 2.8 as well as a height restriction of as much as 8 floors.
The site lies in close proximity to the Paya Lebar Mass Rapid Transit interchange station and also is linked up to the KPE also PIE.
It is also near to Singpost Centre, Paya Lebar Square and PLQ Shopping Center. Nearby primary schs such as Geylang Methodist Primary Sch as well as Kong Hwa Pri School.
” This enticing location is located in close proximity to the Paya Lebar community, in which the Urban Redevelopment Authority Master Plan had actually defined to enhance Paya Lebar Central into a bustling commercial centre. Real estate investor could very well take advantage on this benefit to rearrange the property to tap into the future demand for all-new home units against an evolving working community,” shared Pearl Lok, Collier’s Dir of Capital Markets and Financial Investment Svcs for S’pore.
” Provided its critical locality in closeness to an assortment of services available in the neighboring Paya Lebar Central neighborhood, along with the extremely available and well linked transportation network, the location would undoubtedly furthermore be an ideal housing financial investment for future customers of the all-new non commercial property.”
The en-bloc transaction tender for Baode Bldg ends on 18January’22.