Baode Building up again for collective sale, price unchanged at $27mil
Baode Bldg at Eight Lor Thirty Five Geylang is live once more for en-bloc transaction with the indicatory rate unchanged at $Twenty Seven mil, exposed marketing and advertising agent Colliers.
The freehold eight-storey residence structure was actually once kicked off for enbloc transaction in July on the very same price tag.
The price turns out to an approximated land premium of about $1,007 psf per PR or $990 per square foot ppr, after considering the 7 % bonus offer terrace total floor area.
Featuring Fourteen home units, the property development occupies a Eleven thousand One hundred Two square feet location that is zoned for household or institutional purpose under the ’19 Master Plan along with a gross PR of 2.8 and also an altitude limit of up to 8 levels.
The site rises in close proximity to the Paya Lebar train interchange terminal and even is linked to the Kallang-Paya Lebar Expressway and PIE.
It is additionally near to Singpost Centre, Paya Lebar Square as well as PLQ Shopping Mall. Close-by primary schs such as GMPS also KHPS.
” This captivating spot is nestled around the Paya Lebar community, exactly where the URA Master Plan had already defined to create Paya Lebar Central toward a bustling commercial centre. Real estate investor can take advantage on this to shift the property to use the potential interest for new household units coming from a flourishing earning a living populace,” explained Pearl Lok, Collier’s Dir of Capital Markets and Investment Services for Singapore.
” Given its strategic spot in vicinity to a variety of comforts readily available in the close Paya Lebar Central district, in addition to the greatly accessible plus well linked transport system, the location would at the same time be an optimal realty investment decision for potential homebuyers of the fresh housing property.”
The enbloc transaction tender for Baode Building terminates on 18Jan’22.