Baode Building, a 8 floor residence development at 8 Lorong 35 Geylang, has been launched for en bloc by having an indicative cost of $Twenty Seven mil, exposed Colliers Int’l.
This formulates to a land estimate of roughly $Nine hundred Eighty Nine per square ft ppr or $Nine hundred Sixty Seven psf per plot proportion since taking into account the Seven % reward porch gross floor size.
The free rental development includes 14 lodging units and also takes up a 11.102K sq feet ground that is zoned for household or institutional usage within the ’19 Master Plan with a total PR of 2.8. The spot even gains an allowed highness of until eight storeys.
Baode Building stands close to Paya Lebar Train interchange terminal plus is linked to the Kallang-Paya Lebar Highway also PIE.
The development is similarly close to Singpost Centre, Paya Lebar Square plus PLQ Mall, whereas neighboring academies feature Geylang Methodist Pri Sch and also Kong Hwa Pri Sch.
“This ground possesses an impressive possibility for renovating or rearranging the asset given that it is positioned around the Paya Lebar precinct exactly where the Urban Redevelopment Authority Master Plan visualize to grow Paya Lebar Hub right into a dynamic business center,” revealed Steven Tan, ED of IS at Colliers Int’l.
“The scarce free lease tenancy of the place also provides long-lasting peace of mind for developers, even more so at this type of a significant recruitment area,” he included.
The en bloc sale offer for Baode Building ends on 18 Aug.