Read related article: Freehold Duplex is Selling for $1.38 mil at Palmera Residence
Owners of this 14-unit Advance Apartment at Geylang have established the growth for collective economy at a direct price of $26.5 million.
The purchase price tag equates to $877 per sq feet per plot ratio (psf ppr), or $861 psf ppr after depositing in the 7 percentage bonus balcony gross floor space plus a corresponding estimated growth cost roughly $2.968 million.
Situated at No. 8 Lorong 25A Geylang, the freehold website of 11,429 sq feet now houses an eight-storey improvement. Underneath URA’s 2019 Master Plan, it’s zoned under Residential/Institution using a gross plot ratio of 2.8 and an allowable elevation of around eight storeys.
A developer can possibly configure the allowable gross floor area of 32,001 sq feet around 34 flats each sized from 900 to 925 sq feet, says advertising representative JLL.
The storyline is a five-minute stroll into Aljunied MRT station on the East West line. It’s also nearby to comforts like Paya Lebar Centre and Singapore Sports Hub.
The tender for the website closes on October 27, at 3pm.