One of the most current launch in the location was the 110-unit Rezi 24 on Lorong 24 Geylang, which was launched up for sale in March 2019.
The shophouse is close to Kallang and also Aljunied MRT Stations on the East-West Line. Nearby mall include Paya Lebar Quarter, Paya Lebar Square, and also SingPost Centre.
The structure sits on a 5,583 sq ft website and also has a flooring area of concerning 12,000 sq ft. Thus, the asking price translates to a land price of $3,224 psf, or concerning $1,500 psf on the flooring location.
The website is zoned for domestic use or institutional usage with a gross plot ratio of 2.8, and a permitted height of approximately 8 floors, based on the most recent Master Plan. According to the marketing agent, the shophouse is currently fully tenanted.
Based on EdgeProp’s Landlens analytics device, there have actually been two current en bloc deals in the vicinity. They included Advance Apartments on Lorong 25 Geylang, which transacted for $26.5 million ($ 1,270 psf) in December 2020, and also Yuen Sing Mansion on Lorong 13 Geylang, which was cost $15.2 million ($ 1,580 psf) in August 2020
A property shophouse at 6 Lorong 19 Geylang has actually been offered using expression of passion with a $18 million asking cost. The residential or commercial property is marketed by Mount Everest Properties.