Baode Building up again for collective sale, price unchanged at $27mil
Baode Bldg at 8 Lorong 35 Geylang is up once again for cumulative sale by having the indicative price tag constant at $27 mil, disclosed promotion and marketing agent Colliers.
The freehold eight-storey residence premises was formerly launched for collective sale in July within the same price.
The price solves to an estimated ground premium of around $One thousand Seven psf ppr or $9hundred 90 per square foot per PR, following including the Seven percent bonus balcony GFA.
Including 14 lodging units, the building occupies a 1,031.4 sq metre location which is sectioned for household or institutional use beneath the 2019 Master Plan with a gross PR of 2.8 furthermore an altitude limit of until 8 floors.
The spot lies in close proximity to the Paya Lebar train interchange terminal furthermore is linked to the KPE also PIE.
It is also next to Singpost Centre, Paya Lebar Square as well as PLQ Mall. Surrounding primary schools such as GMPS plus Kong Hwa Primary School.
” This attractive spot is nestled around the Paya Lebar community, the place where the Urban Redevelopment Authority Master Plan had already traced to create Paya Lebar Central into a bustling commercial hub. Property developer might take advantage on this to reposition the asset to use the possible demand for new residential units from a developing earning a living community,” claimed Pearl Lok, Collier’s Director of CM and Investment Services for Singapore.
” Presented its critical spot in closeness to a range of features readily available throughout the neighboring Paya Lebar Central area, together with the greatly accessible plus well-linked transport network, the site would at the same time be a fitting property investment for potential purchasers of the brand-new residential venture.”
The en-bloc deal bid for Baode Building terminates on 18Jan2K22.