Baode Building up again for collective sale, price unchanged at $27mil
Baode Building at Eight Lor Thirty Five Geylang is coming afresh for cumulative transaction with the indicative rate fixed at $27 mil, announced promoting and marketing representative Colliers.
The lease free eight-storey residence structure was actually previously opened for enbloc sale in July within the exact same price.
This solves to an approximated ground price of approximately $1.007K per sq feet per PR or $990 per sq feet per PR, after considering the 7 percent bonus porch GFA.
Providing Fourteen lodging units, the property occupies a One thousand Thirty One point Four square m location which is sectioned for non commercial or institutional usage under the 2019 Master Plan with a gross plot ratio of 2.8 and a height restrict of approximately eight storeys.
The location rises neighboring the Paya Lebar Mass Rapid Transit interchange station and also is connected to the Kallang-Paya Lebar Expressway also Pan Island Expressway.
It is similarly close to Singpost Centre, Paya Lebar Square and also PLQ Shopping Mall. Adjacent primary schools contain Geylang Methodist Primary Sch and Kong Hwa Pri School.
” This appealing plot is situated in close proximity to the Paya Lebar precinct, just where the URA Master Plan had already marked out to enhance Paya Lebar Central into a busy business centre. Developers could take advantage on this benefit to rearrange the asset to take advantage of the prospective demand for brand-new housing units from an evolving working society,” claimed Pearl Lok, Collier’s Dir of CM and Investment Services for Singapore.
” Offered its strategic location in vicinity to a myriad of conveniences offered throughout the nearby Paya Lebar Central district, in addition to the extremely available and well linked transportation system, the site would definitely similarly be a fitting real estate financial investment for future homebuyers of the new residential venture.”
The collective deal tender for Baode Bldg concludes on 18January’22.