Freehold shophouse in Geylang on the market for $18 mil
Freehold shophouse in Geylang on the market for $18 mil
The structure remains on a 5,583 sq ft website and has a flooring location of about 12,000 sq ft. Thus, the asking rate translates to a land rate of $3,224 psf, or about $1,500 psf on the floor location.
The shophouse is close to Kallang and also Aljunied MRT Stations on the East-West Line. Nearby mall include Paya Lebar Quarter, Paya Lebar Square, as well as SingPost Centre.
The site is zoned for household usage or institutional use with a gross plot proportion of 2.8, and an allowable elevation of as much as 8 storeys, based upon the current Master Plan. According to the advertising representative, the shophouse is presently completely tenanted.
An estate shophouse at 6 Lorong 19 Geylang has been offered by means of expression of passion with a $18 million asking price. The home is marketed by Mount Everest Properties.
Based upon EdgeProp’s Landlens analytics device, there have been two current en bloc purchases around. They involved Advance Apartments on Lorong 25 Geylang, which negotiated for $26.5 million ($ 1,270 psf) in December 2020, and Yuen Sing Mansion on Lorong 13 Geylang, which was sold for $15.2 million ($ 1,580 psf) in August 2020
One of the most current launch in the location was the 110-unit Rezi 24 on Lorong 24 Geylang, which was introduced for sale in March 2019.