Baode Building up again for collective sale, price unchanged at $27mil
Baode Building at 8 Lor 35 Geylang is up once again for collective sale by having the starting rate fixed at $27 mil, exposed advertising and marketing representative Colliers.
The lease free 8 floor household building was earlier released for en-bloc sale in July at the same price.
The price formulates to an approximated ground price of about $One thousand Seven per sq foot per PR or $990 per square foot ppr, after taking into account the Seven % added bonus patio entire surface area.
Providing 14 home units, the project occupies a One thousand Thirty One point Four square metre site which is sector for non commercial or institutional purpose within the ’19 Master Plan with a gross plot ratio of 2.8 furthermore a height limitation of approximately 8 storeys.
The location lies near the Paya Lebar train interchange terminal and also is linked up to the KPE and PIE.
It is also around Singpost Centre, Paya Lebar Square and PLQ Shopping Center. Nearby primary schs consist of Geylang Methodist Pri Sch plus KHPS.
” This eye-catching spot is nestled close to the Paya Lebar precinct, the place where the URA Master Plan had already marked out to progress Paya Lebar Central right into a bustling business centre. Property developer could very well take advantage on this benefit to shift the property to use the possible demand for brand-new non commercial units coming from an increasing earning a living populace,” stated Pearl Lok, Collier’s Dir of CM and Investment Services for Singapore.
” Given its critical location in closeness to a range of services offered in the close-by Paya Lebar Central community, as well as the greatly obtainable plus well linked transport system, the site would also be an ideal realty financial investment for potential homebuyers of the all-new non commercial project.”
The collective deal tender for Baode Bldg ends on 18Jan2K22.