Bellewoods EC – Woodlands EC by Qingjian Realty

Bellewoods EC – Woodlands EC by Qingjian Realty. Register for Executive Condominium Showflat and E-Application Here

Freehold shophouse in Geylang on the market for $18 mil

The website is zoned for property usage or institutional usage with a gross plot ratio of 2.8, and also a permitted height of up to eight floors, based upon the latest Master Plan. According to the advertising and marketing agent, the shophouse is currently completely tenanted.

The shophouse is close to Kallang and Aljunied MRT Stations on the East-West Line. Nearby shopping center include Paya Lebar Quarter, Paya Lebar Square, as well as SingPost Centre.

Based on EdgeProp’s Landlens analytics device, there have actually been 2 recent en bloc deals in the vicinity. They entailed Advance Apartments on Lorong 25 Geylang, which negotiated for $26.5 million ($ 1,270 psf) in December 2020, as well as Yuen Sing Mansion on Lorong 13 Geylang, which was cost $15.2 million ($ 1,580 psf) in August 2020

The building remains on a 5,583 sq ft site and has a flooring area of concerning 12,000 sq ft. Thus, the asking rate translates to a land rate of $3,224 psf, or regarding $1,500 psf on the floor area.

One of the most current launch in the location was the 110-unit Rezi 24 on Lorong 24 Geylang, which was released offer for sale in March 2019.

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A freehold shophouse at 6 Lorong 19 Geylang has actually been put up for sale through expression of interest with a $18 million asking rate. The residential or commercial property is marketed by Mount Everest Properties.

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