Baode Building up again for collective sale, price unchanged at $27mil
Baode Building at 8 Lorong Thirty Five Geylang is up anew for en-bloc deal by having the indicative deal fixed at $Twenty Seven mil, disclosed marketing and advertising representative Colliers.
The lease free 8 level housing building was actually previously opened for en bloc deal in Jul in the exact price.
This works out to an approximated land rate of nearly $1thousand 7 per sq ft per PR or $9hundred 90 psf per plot ratio, when considering the Seven percentage incentive patio complete surface size.
Featuring 14 housing units, the development covers a 1thousand 31.4 square meter location which is sector for household or institutional purpose within the ’19 Master Plan along with a gross plot ratio of Two point Eight plus a height cap of approximately 8 storeys.
The plot is nestled close-by the Paya Lebar Mass Rapid Transit interchange terminal and even is linked to the KPE plus PIE.
It is also near to Singpost Centre, Paya Lebar Square plus PLQ Shopping Mall. Surrounding primary schs such as GMPS plus Kong Hwa Primary Sch.
” This eye-catching plot is positioned close-by the Paya Lebar district, where the URA Master Plan had actually bounded to grow Paya Lebar Central toward a dynamic industrial centre. Developers might take advantage on this benefit to reposition the property to tap into the interested requirement for all-new housing units coming from an expanding working community,” pointed out Pearl Lok, Collier’s Director of CM and Financial Investment Services for S’pore.
” Presented its strategic locality in closeness to a myriad of features obtainable inside the close-by Paya Lebar Central precinct, alongside the greatly available and well-linked transport network, the location would certainly at the same time be a fitting housing financial investment for prospective investors of the fresh housing property.”
The enbloc sale bid for Baode Building concludes on 18Jan2022.