Baode Building at Eight Lor 35 Geylang is up once again for enbloc sale by having the starting value the same at $27 million, announced advertising and marketing representative Colliers.
The free lease 8 storey housing facility was formerly launched for cummulative sale in July within the duplicate rate.
The price works out to an approximated ground premium of about $One thousand Seven per sq feet ppr or $990 psf per PR, once taking into consideration the Seven percent perk veranda GFA.
Offering 14 home units, the property takes up a Eleven thousand One hundred Two sq foot site which is sectioned for household or institutional benefit within the ’19 Master Plan by having a gross PR of 2.8 along with an elevation restrict of as high as 8 storeys.
The site rises near the Paya Lebar train interchange terminal and also is linked up to the KPE also PIE.
It is at the same time next to Singpost Centre, Paya Lebar Square along with PLQ Shopping Mall. Surrounding primary schs consist of Geylang Methodist Primary Sch also KHPS.
” This captivating plot is positioned near the Paya Lebar precinct, exactly where the Urban Redevelopment Authority Master Plan had marked out to expand Paya Lebar Central toward a bustling commercial centre. Property developer might capitalise on this to shift the property to take advantage of the probable interest for fresh residence units out of a flourishing working population,” pointed out Pearl Lok, Collier’s Dir of CM and Investment Svcs for S’pore.
” Granted its strategic spot in distance to a myriad of amenities obtainable within the close Paya Lebar Central area, alongside the greatly accessible and well-connected transport connection, the plot would also be an ideal property investment for potential customers of the fresh residential project.”
The cumulative transaction tender for Baode Bldg ends on 18Jan’22.