Baode Building up again for collective sale, price unchanged at $27mil
Baode Bldg at Eight Lor 35 Geylang is coming afresh for en-bloc deal by having the suggestive price tag unaltered at $27 mil, announced advertising and marketing rep Colliers.
The free lease eight-storey residence facility was once kicked off for en bloc transaction in July in the duplicate amount.
The price formulates to a calculated land rate of roughly $1thousand 7 per square feet per PR or $9hundred 90 per square foot per PR, when taking into consideration the 7 percent perk balcony GFA.
Including 14 housing units, the project occupies a 1thousand 31.4 square meter site which is zoned for residential or institutional utilization within the ’19 Master Plan along with a gross plot ratio of Two point Eight plus an altitude limit of approximately 8 floors.
The plot lies in close proximity to the Paya Lebar Mass Rapid Transit interchange station and also is connected to the Kallang-Paya Lebar Expressway also PIE.
It is similarly near to Singpost Centre, Paya Lebar Square and PLQ Shopping Center. Adjacent primary schools such as Geylang Methodist Pri School plus KHPS.
” This captivating spot is nestled in close proximity to the Paya Lebar neighborhood, just where the URA Master Plan had already traced to enhance Paya Lebar Central into a bustling economic center. Developers can capitalise on this benefit to reposition the property to take advantage of the prospective need for fresh household units against an increasing earning a living society,” reported Pearl Lok, Collier’s Dir of Capital Markets and Investment Services for Singapore.
” Granted its critical locality in distance to a myriad of facilities obtainable inside the nearby Paya Lebar Central district, as well as the highly obtainable plus well-linked transportation system, the location would certainly additionally be an optimal housing investment decision for potential home buyers of the all new household project.”
The cumulative sale tender for Baode Bldg concludes on 18 Jan 2022.