Row of Geylang Road shophouses close to Noma - Geylang Condominium that starting from price with S$50m.
Noma - Geylang Condominium is located at 8 Lorong 25A Geylang was sold to an undisclosed local consortium for S$26.5 million following a second collective sale. It has a selling price of S$26.5 million for a land rate of about S$877 per square foot per lot (psf ppr) or S$861 psf ppr after factoring in the original total floor space. 7% bonus (GFA) and an estimated development fee of about S$3 million.
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Not only owning the prime location at Geylang Living, Noma Condo with the land plot that is near food and beverage outlets as well as leisure and lifestyle options in Aljunied, Geylang, Paya Lebar, Sims Avenue and Kallang. Including Paya Lebar Centre, Singapore Sports Hub, CBD together with the future Kallang Riverside. Noma is about 260 metres moving to Aljunied MRT station.
Own Geylang Condos so you can enjoy the culture that comes from this Geylang location. Especially with 7 shophouses, each with 2 floors and located on a vacant lot of 10,520 square feet that is planned for commercial use. They at 284 to 296 Geylang Road have been put up for sale via Express of Interest with a starting price of S$50 million.
This translates to approximately S$2,767 per square foot (psf) of a current estimated total floor area of 18,072 sq ft, PropNex Realty sole marketing agent said on Wednesday (May 11). 7 shophouses, each with 2 floors and collectively located on a vacant lot of 10,520 square feet (sq ft) planned for commercial use in accordance with the 2019 Urban Redevelopment Authority Master Plan This means foreigners and companies can buy real estate without paying additional buyer stamp duty or seller stamp duty.
Additionally, the owner received temporary permission to add an attic to maximize the total floor space to 23,564.8 sq ft, PropNex added. Shops are within walking distance of Aljunied Metro Station and a 10-minute drive from the city. They come with rentals and “stable rental income” and also have a variety of commercial uses, including a corner cafe and massage parlor.
“Selling opportunity presents a low-risk, safe and attractive redevelopment opportunity with the potential for stable rental income over time,” PropNex said.
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