Collective Sale from $14.85 mil for a Loft68 in Geylang

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Parc Greenwich showflat address

With an asking price of $14.85 million, a freehold building located at 6 and 8 Lorong 19, Geylang was put up for sale. Mount Everest Properties acts as the marketing agent for the collective sale.

Parc Greenwich showflat address enjoys an exclusive leafy suburb. It provides a great opportunity for middle-income earners to own a home in a serene environment that’s conveniently located.

Loft68 is the name of the building and it occupies a 5,583 square foot site. After adding the bonus balcony gross floor area of 7%, the asking price is $949 per plot.

The site is zoned ‘Residential/Institutional’ with a gross plot ratio of 2.8 under the 2019 Master Plan. According to the agent marketing the site, there is an estimated development cost of $1.5million.
The site is allowed to rise eight stories and has a maximum gross floor area of 15,900 square feet. 17 apartments could be built in a new residential development.

You will find many F&B outlets, lifestyle options, and other amenities close to the freehold site in Aljunied and Paya Lebar. Paya Lebar Centre, Singapore Sports Hub and the Kallang Riverside are all nearby commercial hubs. It is also near the Central Business District.

On Oct 13, the collective sale tender will close.

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13 New Properties by Pan Pacific Hotels Group to open over next three years

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Parc Greenwich at Fernvale Lane

Pan Pacific Hotels Group claims that it has 13 properties in the pipeline that it intends to launch in the next three-years. Two new hotels have been opened by the hotel group this year. These were Pan Pacific London in September and PARKROYAL Monash Melbourne, April.

Parc Greenwich at Fernvale Lane in District 28, many amenities are within walking distance. It is a short distance walk from the upcoming Fernvale LRT and with amenities such as shopping malls, hospitals, and schools within the vicinity.

Pan Pacific Hotels Group is a parent company to UOL Group, a Singapore-listed realty group.

These properties will be spread over 10 cities including London, Kuala Lumpur and Jakarta, Hanoi (Phnom Penh), Siem Reap, Phnom Penh and Dalian. Pan Pacific will now have 48 hotels, resorts and serviced apartments in 26 cities, with the additions to its inventory.

“We recognize that the world is in crisis due to the Covid-19 pandemic. Businesses and economies will recover over the long term, however, with various strategies. Both leisure and business travel will be allowed to resume. Choe Peng Sum CEO, Pan Pacific Hotels Group, says that the hospitality industry will rebound.

Pan Pacific’s pipeline inventory will allow it to capitalize on the hotel demand returning, he says.

PARKROYAL COLLECTION Kuala Lumpur is one of the new hotel properties. It is scheduled to open in June 2022. It will be a biophilic green hotel that will reflect the PARKROYAL COLLECTION brand. The hotel will have 13,000 square feet of vegetation, trees and plants. The hotel will be connected to the Pan Pacific Serviced Suites Kuala Lumpur.

In Malaysia, there will be new openings in 2022. These include the expansion and management of PARKROYAL resorts in Langkawi & Malacca.

Over the next three-years, Pan Pacific will open three new hospitality properties in Jakarta, Indonesia. These properties are PARKROYAL Jakarta and PARKROYAL Serviced Suites Jakarta. The Pan Pacific Orchard, a refreshed Pan Pacific Orchard in Singapore, will also open in 4Q2022.

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