Baode Building up again for collective sale, price unchanged at $27mil
Baode Bldg at Eight Lor Thirty Five Geylang is pressing again for en-bloc deal by having the starting price unaffected at $Twenty Seven million, shared advertising and marketing professional Colliers.
The free lease eight floor home property was actually previously launched for cummulative deal in Jul within the exact value.
The price works out to an estimated ground price of nearly $One thousand Seven per square ft ppr or $9hundred 90 per sq feet per PR, once taking into consideration the 7 % reward patio GFA.
Including 14 home units, the development covers a 1,031.4 sq meter spot which is sectioned for non commercial or institutional use beneath the 2K19 Master Plan by having a gross PR of Two point Eight along with an altitude boundary of right up to 8 levels.
The site is nestled neighboring the Paya Lebar MRT interchange station and is linked up to the Kallang-Paya Lebar Expressway and PIE.
It is additionally near to Singpost Centre, Paya Lebar Square including PLQ Mall. Nearby primary schs contain Geylang Methodist Primary School plus KHPS.
” This eye-catching site is situated in close proximity to the Paya Lebar area, the place where the Urban Redevelopment Authority Master Plan had already marked out to grow Paya Lebar Central into a dynamic business center. Developers could take advantage on this benefit to reposition the asset to tap into the prospective demand for brand-new non commercial units from a flourishing working residents,” pointed out Pearl Lok, Collier’s Director of CM and Financial Investment Svcs for S’pore.
” Presented its key place in closeness to a variety of comforts obtainable inside the surrounding Paya Lebar Central area, and also the very accessible and well-linked transportation system, the spot would additionally be a suitable real estate investment for prospective customers of the brand new residence property.”
The enbloc sale bid for Baode Bldg closes on 18January’22.