Baode Building up again for collective sale, price unchanged at $27mil
Baode Bldg at Eight Lorong 35 Geylang is coming afresh for en-bloc deal with the indicative value constant at $Twenty Seven mil, disclosed advertising and marketing rep Colliers.
The lease free 8 level home premises was prior introduced for collective deal in July on the exact deal.
The price formulates to a projected ground price of around $One thousand Seven psf ppr or $Nine hundred Ninety psf per plot ratio, upon taking into account the Seven percent reward patio GFA.
Providing Fourteen lodging units, the building utilizes a 1,031.4 square meter location that is zoned for residential or institutional benefit beneath the ’19 Master Plan along with a gross plot ratio of 2.8 furthermore an elevation restrict of as much as eight levels.
The site stands nearby the Paya Lebar MRT interchange terminal and is linked up to the Kallang-Paya Lebar Expressway and PIE.
It is at the same time close to Singpost Centre, Paya Lebar Square as well as PLQ Shopping Mall. Proximate primary schs contain GMPS plus Kong Hwa Pri School.
” This appealing plot is situated close-by the Paya Lebar district, exactly where the Urban Redevelopment Authority Master Plan had already bounded to cultivate Paya Lebar Central toward a dynamic business hub. Property developer could easily capitalise on this to rearrange the asset to take advantage of the possible interest for new residential units from an expanding working population,” stated Pearl Lok, Collier’s Dir of CM and Financial Investment Svcs for S’pore.
” Offered its strategic locality in vicinity to an assortment of conveniences obtainable around the close Paya Lebar Central precinct, in addition to the greatly obtainable plus adequately connected transport system, the site would furthermore be a fitting property investment decision for prospective investors of the all-new non commercial venture.”
The en bloc sale offer for Baode Building ceases on 18 Jan 2022.