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.