{"id":120521,"date":"2021-07-14T01:26:30","date_gmt":"2021-07-13T18:26:30","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/geylang-development-up-for-collective-sale-for-27mil\/"},"modified":"2021-07-18T17:02:53","modified_gmt":"2021-07-18T10:02:53","slug":"geylang-development-up-for-collective-sale-for-27mil","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/geylang-development-up-for-collective-sale-for-27mil\/","title":{"rendered":"Geylang development up for collective sale for $27mil"},"content":{"rendered":"


\nLocated at 8 Lorong 35 Geylang, the eight-storey Baode Building is a residential development\u00a0that is going for $27 million. Source: Google Maps
\nBaode Building, an eight-storey residential development at 8 Lorong 35 Geylang, has been put up for collective sale with an indicative price of $27 million, revealed Colliers International.
\nThis works out to a land rate of about $989 per sq ft per plot ratio (psf ppr) or $967 psf ppr after taking into account the 7% bonus balcony gross floor area.
\nThe freehold development features 14 housing units and occupies a 1,031.4 sq m (11,102 sq ft) site that is zoned for residential or institutional use under the 2019 Master Plan with a gross plot ratio of 2.8. The site also has an allowable height of up to eight storeys.
\nBaode Building is located near Paya Lebar MRT interchange station and is linked to the Kallang-Paya Lebar Expressway and Pan Island Expressway.
\nThe development is also close to Singpost Centre, Paya Lebar Square and PLQ Mall, while nearby schools include Geylang Methodist Primary School and Kong Hwa Primary School.
\n\u201cThis site boasts an exciting potential for rebranding or repositioning the asset as it is situated around the Paya Lebar precinct where the URA Master Plan envisage to develop Paya Lebar Central into a bustling commercial hub,\u201d said Steven Tan, Executive Director of Investment Services at Colliers International.
\n\u201cThe rare freehold tenure of the site also ensures long-term reassurance for developers, especially at such a major employment area,\u201d he added.
\nThe en bloc sale tender for Baode Building closes on 18 August.
\nLooking for a property in Singapore? Visit PropertyGuru\u2019s\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\nCheryl Chiew, Digital Content Specialist at PropertyGuru, edited this story. To contact her about this story, email:\u00a0cheryl@propertyguru.com.sg\u00a0
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Geylang development up for collective sale for mil<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Located at 8 Lorong 35 Geylang, the eight-storey Baode Building is a residential development\u00a0that is...<\/p>\n","protected":false},"author":1,"featured_media":120522,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-120521","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-news"],"jetpack_featured_media_url":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/07\/BAODE-BUILDING.jpg?fit=820%2C410&ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-vlT","jetpack-related-posts":[{"id":123813,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/baode-building-up-again-for-collective-sale-price-unchanged-at-27mil\/","url_meta":{"origin":120521,"position":0},"title":"Baode Building up again for collective sale, price unchanged at $27mil","date":"December 15, 2021","format":false,"excerpt":"\r Located at 8 Lorong 35 Geylang, Baode Building sits on an 11,102 sq ft site near Paya Lebar MRT station and a cluster of malls including PLQ Mall, Paya Lebar Square and Singpost Centre. Source: Google Maps Baode Building at 8 Lorong 35 Geylang is up again for collective\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/12\/BAODE-BUILDING.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":98207,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/freehold-condo-yuen-sing-mansion-up-for-collective-sale-at-17m\/","url_meta":{"origin":120521,"position":1},"title":"Freehold condo Yuen Sing Mansion up for collective sale at $17m","date":"September 20, 2018","format":false,"excerpt":"\r The reserve price works out to around $753 psf ppr after taking into account the 10 percent bonus balcony space and development charge. (Photo: JLL) Yuen Sing Mansion, a four-storey residential development at Nos. 6A \u2013 10C Geylang Lorong 13, has been put up for collective sale, with the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":98966,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/le-arc-apartment-up-for-collective-sale-at-20m\/","url_meta":{"origin":120521,"position":2},"title":"Le Arc Apartment up for collective sale at $20m","date":"October 2, 2018","format":false,"excerpt":"\r The asking price for the freehold property in Geylang works out to a land rate of about $915.59 psf ppr. (Photo: ERA Realty) Le Arc Apartment, a 12-unit residential development at 6, Lorong 26 Geylang has been put up for collective sale, with the owners expecting offers of between\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":112888,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/doctor-buys-geylang-condo-in-26-million-en-bloc-sale\/","url_meta":{"origin":120521,"position":3},"title":"Doctor buys Geylang condo in $26 million en bloc sale","date":"December 5, 2019","format":false,"excerpt":"\r \u00a0 Kwong Wai Shiu Hospital, the owner of Leshan Gardens\u00a0condominium in Geylang, has sold the freehold property en bloc to an unnamed ear, nose, throat specialist for $26.28 million on a 104-year lease, reported The Business Times. The price, which\u00a0includes a $2.35 million development charge, works out to around\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":93189,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/two-small-condo-projects-up-for-en-bloc-sale\/","url_meta":{"origin":120521,"position":4},"title":"Two small condo projects up for en bloc sale","date":"July 5, 2018","format":false,"excerpt":"\r The 12-unit Jansen Mansion along Jansen Road sits on a 16,592.55 sq ft site. (Photo: Huttons Asia) Two small condo developments \u2013 Jansen Mansion and Blossom Mansions \u2013 have joined the collective sale bandwagon, carrying a price tag of $22 million and $32.8 million respectively, revealed marketing agent Huttons\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":106502,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/le-arc-apartment-up-for-collective-sale-again-at-18-5m\/","url_meta":{"origin":120521,"position":5},"title":"Le Arc Apartment up for collective sale again at $18.5m","date":"April 24, 2019","format":false,"excerpt":"\r The minimum offer of $18.5 million is down from the previous expectation of about $20 million to $22 million. After a failed attempt last year, Le Arc Apartment at 6 Lorong 26 Geylang is once again up for collective sale. This time the owners expect a minimum offer of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/120521"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=120521"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/120521\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media\/120522"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=120521"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=120521"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=120521"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}