Baode Building up again for collective sale, price unchanged at $27mil
Baode Building at 8 Lor Thirty Five Geylang is live afresh for enbloc deal with the starting price unaltered at $Twenty Seven mil, reported advertising professional Colliers.
The free rent eight-storey housing structure was previously launched for en-bloc transaction in Jul in the exact same amount.
This formulates to an approximated land price of roughly $1.007K per sq feet per plot ratio or $Nine hundred Ninety psf ppr, upon including the Seven percent bonus deck GFA.
Offering 14 home units, the project inhabits a 1thousand 31.4 sq m location which is zoned for residential or institutional purpose beneath the ’19 Master Plan along with a gross PR of Two point Eight and also a height restriction of until 8 floors.
The location stands nearby the Paya Lebar MRT interchange terminal and also is connected to the KPE and Pan Island Expressway.
It is at the same time around Singpost Centre, Paya Lebar Square plus PLQ Mall. Nearby primary schs consist of Geylang Methodist Pri Sch plus Kong Hwa Primary School.
” This desirable plot is positioned in close proximity to the Paya Lebar community, specifically where the Urban Redevelopment Authority Master Plan had actually defined to grow Paya Lebar Central into a dynamic commercial centre. Developers can take advantage on this benefit to reposition the asset to tap into the probable need for all-new residence units out of an increasing working citizen,” claimed Pearl Lok, Collier’s Dir of Capital Markets and Investment Svcs for Singapore.
” Offered its key spot in closeness to an assortment of conveniences accessible within the close-by Paya Lebar Central precinct, alongside the very available plus well-linked transport connection, the spot would definitely at the same time be a fitting housing investment for future buyers of the all new non commercial project.”
The en-bloc transaction bid for Baode Building ends on 18Jan’22.
