Baode Building up again for collective sale, price unchanged at $27mil
Baode Building at 8 Lor 35 Geylang is up afresh for cumulative transaction with the starting value unchanged at $27 million, revealed marketing rep Colliers.
The freehold eight floor home building was prior introduced for cummulative sale in July in the same amount.
This calculates to a projected ground rate of approximately $1.007K psf per PR or $990 per square feet ppr, when including the 7 percentage bonus offer terrace GFA.
Offering Fourteen accomodation units, the building takes up a 1,031.4 sq m plot that is sectioned for housing or institutional benefit beneath the ’19 Master Plan along with a gross PR of Two point Eight furthermore an elevation limit of up to eight levels.
The site is situated nearby the Paya Lebar Mass Rapid Transit interchange station and even is connected to the Kallang-Paya Lebar Expressway and PIE.
It is similarly close to Singpost Centre, Paya Lebar Square along with PLQ Shopping Mall. Nearby primary schs contain Geylang Methodist Primary Sch as well as KHPS.
” This eye-catching plot is nestled in close proximity to the Paya Lebar area, exactly where the URA Master Plan had already marked out to cultivate Paya Lebar Central right into a bustling commercial hub. Real estate investor might make the most on this benefit to rearrange the property to use the prospective interest for fresh housing units coming from a flourishing working citizen,” explained Pearl Lok, Collier’s Director of CM and Financial Investment Services for S’pore.
” Granted its key locality in vicinity to a range of comforts accessible around the neighboring Paya Lebar Central community, in addition to the very accessible plus well linked transport connection, the spot would certainly furthermore be a suitable housing financial investment for prospective purchasers of the brand new home project.”
The en-bloc deal offer for Baode Bldg ends on 18Jan2022.