Baode Building up again for collective sale, price unchanged at $27mil
Baode Building at 8 Lorong Thirty Five Geylang is pressing again for cumulative transaction with the suggestive price tag consistent at $27 million, revealed advertising and marketing agent Colliers.
The free rent 8 storey home premises was formerly released for enbloc transaction in Jul at the same deal.
This formulates to a calculated land premium of almost $1thousand 7 psf per plot ratio or $990 per sq foot per PR, when including the Seven percent reward patio total surface size.
Providing 14 accomodation units, the property utilizes a One thousand Thirty One point Four square meter location that is sector for residential or institutional usage within the ’19 Master Plan along with a gross plot ratio of Two point Eight as well as a height boundary of right up to 8 floors.
The site stands nearby the Paya Lebar Mass Rapid Transit interchange station furthermore is linked up to the Kallang-Paya Lebar Expressway plus PIE.
It is at the same time close to Singpost Centre, Paya Lebar Square and PLQ Shopping Center. Nearby primary schools such as GMPS and also KHPS.
” This enticing spot is nestled around the Paya Lebar community, the place where the URA Master Plan had bounded to grow Paya Lebar Central into a bustling economic hub. Real estate investor could certainly take advantage on this benefit to reposition the property to use the prospective requirement for fresh home units against an evolving working residents,” pointed out Pearl Lok, Collier’s Dir of Capital Markets and Financial Investment Svcs for Singapore.
” Given its strategic spot in proximity to a myriad of facilities offered within the nearby Paya Lebar Central area, in addition to the particularly accessible and properly connected transportation network, the plot would definitely equally be an excellent real estate investment for future home buyers of the new household project.”
The enbloc sale offer for Baode Bldg ceases on 18January2K22.