Baode Building up again for collective sale, price unchanged at $27mil
Baode Building at 8 Lorong 35 Geylang is pressing anew for cumulative transaction with the suggestive price constant at $27 million, reported promoting and marketing agent Colliers.
The free rent 8 floor residential premises was actually formerly introduced for en-bloc sale in Jul on the same rate.
This formulates to an approximated ground rate of about $1.007K psf ppr or $990 per sq ft per PR, when including the 7 percentage extra porch GFA.
Providing Fourteen accomodation units, the development covers a Eleven thousand One hundred Two square ft location which is sector for non commercial or institutional utilization under the ’19 Master Plan along with a gross PR of Two point Eight and an elevation restrict of right up to eight floors.
The site rises in close proximity to the Paya Lebar train interchange station and even is linked up to the KPE also Pan Island Expressway.
It is likewise around Singpost Centre, Paya Lebar Square including PLQ Mall. Neighboring primary schs such as Geylang Methodist Primary School and KHPS.
” This eye-catching spot is positioned near the Paya Lebar community, in which the URA Master Plan had marked out to create Paya Lebar Central toward a bustling commercial center. Property developer might make the most on this to reposition the property to tap into the interested demand for brand new housing units from a flourishing earning a living population,” claimed Pearl Lok, Collier’s Director of Capital Markets and Investment Services for Singapore.
” Given its strategic spot in vicinity to a myriad of features obtainable throughout the surrounding Paya Lebar Central community, and also the very easily accessible and well linked transportation connection, the site would additionally be an optimal property financial investment for prospective homebuyers of the brand-new household project.”
The en bloc sale tender for Baode Bldg ends on 18Jan’22.