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 …
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