The most recent launch in the area was the 110-unit Rezi 24 on Lorong 24 Geylang, which was introduced available in March 2019.
The building rests on a 5,583 sq ft website as well as has a floor location of concerning Tengah Plantation Close EC 12,000 sq ft. Thus, the asking rate translates to a land price of $3,224 psf, or concerning $1,500 psf on the flooring location.
Based on EdgeProp’s Landlens JCube Condo analytics tool, there have actually been two current en bloc purchases around. They entailed Advance Apartments on Lorong 25 Geylang, which transacted for $26.5 million ($1,270 psf) in December 2020, and Yuen Sing Mansion on Lorong 13 Geylang, which was cost $15.2 million ($1,580 psf) in August 2020.
The shophouse is close to Kallang and Aljunied MRT Stations on the East-West Line. Close-by shopping centres include Paya Lebar Quarter, Paya Lebar Square, as well as SingPost Centre.
The website is zoned for domestic usage or institutional use with a gross plot proportion of 2.8, as well as an allowed height of up to eight storeys, based upon the most up to date Master Plan. According to the advertising agent, the shophouse is presently completely tenanted.
An estate shophouse at 6 Lorong 19 Geylang has actually been offered using expression of passion with a $18 million asking cost. The residential or commercial property is marketed by Mount Everest Properties.