If you’re looking for investment opportunities in Geylang, two freehold properties are now up for grabs through an Expression of Interest (EOI) exercise, with a combined guide price of $14.3 million.
These properties, zoned for “Commercial/Institution” use under the URA Master Plan 2019, offer a plot ratio of 2.8, providing you with various redevelopment opportunities that could be quite lucrative.
The first site, located at 47 Lorong 4 Geylang, boasts a land area of 2,046 sq ft. Currently, it features a three-storey walk-up apartment, which could be transformed into something more commercially viable.
With a guide price of $4.8 million, it presents a unique chance to invest in a property that not only has potential for appreciation but also aligns with the growing trend of commercial developments in the area. The vacant possession allows you to take immediate control, making it easier to implement your vision.
On the other hand, the second site at 4 & 6 Lorong 12 Geylang encompasses a larger area of 3,659 sq ft, featuring a two-storey building with an attic. It’s listed at a guide price of $9.5 million, and like the first property, it offers vacant possession.
This site presents an opportunity for a larger-scale development or conversion, tapping into the increasing demand for commercial spaces in Geylang. Given its size and existing structure, you could explore various options, from creating a boutique hotel to converting it into office spaces.
Both properties are eligible for purchase by foreign buyers and companies, broadening the potential pool of interested investors. This aspect could increase competition, possibly driving up the property’s value over time.
The EOI exercise closes on June 10 at 3 PM, so you’ll want to act swiftly if you’re interested. The commercial and institutional zoning means you’re not limited to traditional retail uses; you could also consider educational or healthcare-related developments, which could meet the needs of the local community.
Investing in these properties could be particularly appealing given Geylang’s strategic location and ongoing urban development.
The area has seen significant interest from both local and foreign investors, and these sites could be a part of that evolving landscape. With the right vision and strategy, you could capitalize on the area’s growth potential.
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Bloomsbury Residences is a newly launched condo development offering a variety of modern living spaces designed for comfort, with flexible floor plans to meet diverse lifestyle needs.
With competitive prices and attractive financing options, this project appeals to both first-time homebuyers and seasoned investors.
Residents will enjoy amenities like a swimming pool and fitness center, all within a prime location near public transport and retail options.
For detailed Bloomsbury Residences Project Information, including floor plans and pricing, visit the official website.
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News Source: Edgeprop
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