Three Geylang properties for sale by tender in Lavender.
Geylang property is highly sought after currently. There are some shophouses at 53 Lavender Street, 35 Tyrwhitt Road and 8 Lorong 22 Geylang that have been put up for sale by bid and through an expression of interest by exclusive marketing agent PropNex Realty.
Geylang properties for sale have been released recently. The shophouse at 53 Lavender Street is 4-storey tall with a land size of 2,038 sqft and a total built-up area of approximately 6,433 sqft. This property is situated between Kitchener Complex and Aperia Mall and is just 350m away from Lavender MRT Station. The development has a price range of S$9.5 million, which is equivalent to about S$1,477 per square foot (psf) on an approximate built-up area.
Geylang Property at 53 Lavender Street
Concurrently, another property is up for sale at 35 Tyrwhitt Road, a four-storey shophouse and has been newly renovated. This development spans a total land area of 1,653 sq ft and has a built-up area of approximately 5,660 sq ft, excluding the roof terrace. Modern Izakaya restaurant bistro Stixers is located on the ground storey of the property, while the upper levels are set up for 10 bedrooms for residential use. There are other services for 35 Tyrwhitt Road such as office, co-living, education, fitness centre, medical and students' hostel. People can easily find ample parking space nearby across Jalan Besar Sports Centre, Jalan Besar Plaza, Arc 380, and City Square Mall. The guide price for 35 Tyrwhitt Road starts from S$7.8 million, with a price of S$1,378 psf on the approximate built-up area.
With a price of S$1,378 psf on the approximate built-up area, the price for Geylang Property at 35 Tyrwhitt Road starts from S$7.8 million.
According to Loyalle Chin, PropNex senior associate division director said that the gentrification of city fringe shophouses such as Jalan Besar had resulted in investors acquiring, that paid more attention to those shophouses enjoying low psf and increasing human footfall.
Last but not least, Geylang Property at 8 Lorong 22 is a single-storey building and has been approved by the Urban Redevelopment Authority (URA) to be regenerate into an institutional development comprised of 5 storeys with a roof terrace, and a store at the first storey. This development is not subject to additional buyer's stamp duty and is eligible for foreigners to buy. This property has a site area of 1,655 sq ft and a plot ratio of 2.8, which allows a gross floor area to be constructed about 4,634 sqft. The building is located more than 400m away from Aljunied MRT station, suitable for multiple purposes such as retail and association. Hotel Compass is a nearby property that is located along the same street, was completed the transaction at a price of about S$21.5 million. The property at 8 Lorong 22 Geylang has a price range of S$7 million, which is equivalent to S$1,511 psf per plot ratio on maximum gross floor area.
Geylang property is highly sought after with a myriad of developments up for sale. Discover Geylang Projects here to get more interesting information about properties in Geylang!