A ROW of four freehold, adjoining conversation shophouses – which caught fire earlier this year – in Geylang have been launched for sale via expression of interest, with a guide price of S$14 million, property consultancy Knight Frank Singapore said on Tuesday. Read more at The Business Times.
The four burnt shophouses are located along the main stretch of Geylang Road. A new building can possibly be developed on the site to occupy a maximum total gross floor area of some 15,339 sq ft.A ROW of four freehold, adjoining conversation shophouses – which caught fire earlier this year – in Geylang have been launched for sale via expression of interest, with a guide price of S$14 million, property consultancy Knight Frank Singapore said on Tuesday.
The four units sit on a total land area of 5,113 square feet , and are zoned for commercial use with a plot ratio of 3.0 under the Urban Redevelopment Authority's Master Plan 2014.That means a new building could be developed to occupy a maximum total gross floor area of around 15,339 sq ft.They are located along the main stretch of Geylang Road, near the junction of Geylang Road and Lorong 33 Geylang. In close proximity are the Paya Lebar and Dakota MRT stations.
“As such, the owners are expecting healthy levels of interest from both investors and corporate entities in acquiring the freehold, commercial asset,” the consultancy added.
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