Baode Building up again for collective sale, price unchanged at $27mil
Baode Building at 8 Lorong Thirty Five Geylang is live once again for collective sale with the suggestive deal unchanged at $27 million, reported marketing agent Colliers.
The lease free eight level non commercial premises was actually earlier introduced for cummulative transaction in Jul on the exact same amount.
This formulates to a calculated land premium of nearly $1,007 per sq foot per PR or $9hundred 90 psf per plot ratio, when taking into consideration the 7 % perk terrace GFA.
Offering Fourteen lodging units, the property inhabits a 1thousand 31.4 square metre location which is sector for housing or institutional purpose under the 2K19 Master Plan along with a gross plot ratio of Two point Eight also an elevation restrict of as high as 8 floors.
The site lies close-by the Paya Lebar Mass Rapid Transit interchange terminal furthermore is linked up to the KPE and PIE.
It is similarly near to Singpost Centre, Paya Lebar Square including PLQ Mall. Proximate primary schs contain Geylang Methodist Primary School and KHPS.
” This captivating location is located in close proximity to the Paya Lebar precinct, the place where the Urban Redevelopment Authority Master Plan had already bounded to grow Paya Lebar Central into a busy commercial center. Developers could certainly make the most on this to reposition the property to tap into the prospective demand for all new home units from a growing earning a living community,” shared Pearl Lok, Collier’s Director of Capital Markets and Financial Investment Services for S’pore.
” Granted its strategic place in distance to a myriad of facilities readily available in the close Paya Lebar Central neighborhood, in addition to the extremely obtainable plus well-connected transport network, the site would definitely also be a suitable property financial investment for future home buyers of the all new home project.”
The cumulative deal tender for Baode Building ceases on 18January2022.
