Singapore Geylang properties for sale in Geylang for $26.5 million of Neo Group and Boldtek Holdings Developers

Geylang properties for sale is developed by Neo Group and Boldtek Holdings. The consortium are joint buyers of Advance Apartment in Geylang for $26.5 mil. A joint venture led by Singapore-listed caterer Neo Group and construction company Boldtek Holdings, announced that they have jointly acquired Advance Apartment in a collective sale for $26.5 million on the 22nd December. Neo Group and Boldtek own 80% of the shares, joint venture (40% each), while Jeffrey Hong of Sovereign Group and EDC Holdings, a consulting services firm owned by Sng Lek Kiam and Sng Yik Yeam, each hold 10% of the shares.

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Geylang properties for sale with Zyanya ( Former Advance Apartment) is a 14 residential units development is located at 8 Lorong 25A Geylang, and sits on a 11,429 sq ft, freehold site. This was its second collective sale attempt, and the sale was brokered by JLL. Under URA Master Plan 2019, the land parcel is zoned residential or institutional use and a gross plot ratio of 2.8, as well an allowable height of up to eight storeys.

Geylang Condo for sale: Advance Apartment was sold for $26.5 million

Overview of Geylang properties for sale | Zyanya ( Former Advance Apartment)

This Geylang properties for sale owns the prominently neighborhood within minutes to the world-class destination. Zyanya is an exclusive boutique residence with 34 units, comprising of 1 to 4-bedroom and 4 penthouses. Geylang Condo is home for the elites who embrace city living in style and privacy. Around the rejuvenated precinct, there is no shortage of places to eat and drink, chill and party. It also offers a wealth of transportation options no matter where your heart takes you. Enjoy convenience as if living at the core of the city.

Geylang Condo for sale: Zyanya facade

Zyanza is situated next to the Kallang Basin waterfront and within Kallang Riverside Park, the 8.29ha Kampong Bugis is envisioned to be a green district of the future. To create a sustainable neighbourhood, the precinct will be plugged into extensive cycling networks that will connect seamlessly to key transport nodes, the city centre and other parts of the island.

Within the potential location, your family will receive a huge amenities, services. See more Zyanza 's location.

Nicholas Ng, senior director at JLL, said a developer can configure a total allowable floor space of 32,001 square feet into 34 new apartments, with average sizes ranging from 900 to 925 square feet. “The site enjoys excellent public transport accessibility with Aljunied MRT Station being a mere 260 metres away," he added. Owners of Geylang Condo for sale can receive a total sale of between $1.7 million and over $2 million.

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