Baode Building up again for collective sale, price unchanged at $27mil
Baode Building at Eight Lorong Thirty Five Geylang is up afresh for en-bloc sale by having the indicative price tag constant at $27 mil, reported advertising representative Colliers.
The free rent eight-storey household facility was formerly released for cummulative deal in July within the exact same amount.
The price works out to an estimated land premium of almost $1thousand 7 per sq foot ppr or $9hundred 90 psf per PR, when taking into consideration the Seven percentage added bonus patio GFA.
Featuring Fourteen accomodation units, the building occupies a 11thousand 1hundred 2 sq ft site that is sector for home or institutional usage beneath the ’19 Master Plan with a gross plot ratio of 2.8 also a height restrict of as high as 8 levels.
The site stands in close proximity to the Paya Lebar Mass Rapid Transit interchange terminal furthermore is linked to the Kallang-Paya Lebar Expressway plus PIE.
It is additionally near to Singpost Centre, Paya Lebar Square and PLQ Shopping Center. Adjacent primary schools such as GMPS and KHPS.
” This eye-catching site is located nearby the Paya Lebar community, just where the Urban Redevelopment Authority Master Plan had already marked out to enhance Paya Lebar Central right into a busy business centre. Real estate investor could certainly make the most on this to reposition the asset to tap into the interested demand for fresh home units out of a developing earning a living citizen,” said Pearl Lok, Collier’s Director of CM and Financial Investment Svcs for Singapore.
” Offered its key locality in closeness to a range of amenities accessible inside the close Paya Lebar Central community, in addition to the extremely accessible and well-connected transport connection, the plot would undoubtedly equally be a suitable realty financial investment for future purchasers of the brand-new residence property.”
The collective sale tender for Baode Building concludes on 18Jan2K22.