Geylang development up for collective sale for $27mil

Baode Building, an eight floor household project at 8 Lorong Thirty Five Geylang, has been launched for combined sale with an indicative figure of $27 mil, revealed Colliers International.

This calculates to a land estimate of about $989 psf per PR or $Nine hundred Sixty Seven per square feet per PR upon considering the Seven % extra porch complete ground space.

Penrose Singapore

The freehold project presents 14 house flats and also inhabits a 1,031.4 sq m location that is sector for residential or institutional usage under the 2019 Master Plan with a gross lot scale of 2.8. The place furthermore carries a permitted tallness of as much as 8 levels.

Baode Building lies in close proximity to Paya Lebar Train interchange terminal plus is attached to the Kallang-Paya Lebar Highway also Pan Island Highway.

The project is furthermore near Singpost Centre, Paya Lebar Square including PLQ Shopping mall, meantime proximate academies include GMPS and KHPS.

“This spot boasts a fantastic capacity for rearranging the property or renovating considering that it’s located nearby the Paya Lebar district where the Urban Redevelopment Authority Master Plan imagine to cultivate Paya Lebar Central in the direction of through to a bustling commercial hub,” pointed out Steven Tan, ED of IS at Colliers International.

“The rare freehold term of the site also ensures extended peace of mind for real estate investors, especially at this sort of a significant recruitment vicinity,” he said further.

The combined sale tender for Baode Building ends on 18August.

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