Baode Building up again for collective sale, price unchanged at $27mil

Baode Building at Eight Lorong Thirty Five Geylang is live afresh for enbloc deal by having the indicative deal consistent at $27 mil, announced advertising agent Colliers.

The free lease eight storey non commercial structure was actually earlier released for en bloc sale in Jul within the exact deal.

The price works out to an estimated land price of approximately $1thousand 7 per sq feet per PR or $9hundred 90 psf per PR, after taking into consideration the Seven % extra patio GFA.

Including 14 lodging units, the project inhabits a 11,102 square foot plot that is sectioned for home or institutional utilization within the 2K19 Master Plan along with a gross plot ratio of 2.8 and an altitude cap of up to eight levels.

The site lies nearby the Paya Lebar MRT interchange terminal and is connected to the Kallang-Paya Lebar Expressway plus Pan Island Expressway.

Forett at Bukit Timah Singapore

It is also near to Singpost Centre, Paya Lebar Square as well as PLQ Shopping Center. Nearby primary schools consist of GMPS as well as Kong Hwa Primary School.

” This captivating plot is positioned around the Paya Lebar neighborhood, exactly where the URA Master Plan had traced to develop Paya Lebar Central toward a dynamic business center. Real estate investor could very well capitalise on this benefit to reposition the asset to use the possible need for fresh household units from a flourishing earning a living populace,” pointed out Pearl Lok, Collier’s Dir of CM and Investment Svcs for S’pore.

” Given its critical location in proximity to a range of services accessible around the neighboring Paya Lebar Central precinct, and also the greatly accessible plus well linked transportation connection, the spot would definitely at the same time be an optimal property investment decision for future buyers of the all new housing venture.”

The en bloc sale bid for Baode Bldg ceases on 18January’22.