The website is zoned for property usage or institutional use with a gross plot proportion of 2.8, and an allowed height of up to 8 floors, based on the most up to date Master Plan. According to the advertising representative, the shophouse is currently fully tenanted.
Based upon EdgeProp’s Landlens analytics tool, there have actually been two recent en bloc deals around. They involved Advance Apartments on Lorong 25 Geylang, which negotiated for $26.5 million ($ 1,270 psf) in December 2020, and Yuen Sing Mansion on Lorong 13 Geylang, which was cost $15.2 million ($ 1,580 psf) in August 2020
The shophouse is close to Kallang and Aljunied MRT Stations on the East-West Line. Close-by shopping center include Paya Lebar Quarter, Paya Lebar Square, and SingPost Centre.
The building sits on a 5,583 sq ft website and has a flooring location of regarding 12,000 sq ft. Thus, the asking price translates to a land price of $3,224 psf, or regarding $1,500 psf on the floor location.
A freehold shophouse at 6 Lorong 19 Geylang has been offered via expression of passion with a $18 million asking rate. The residential property is marketed by Mount Everest Properties.
One of the most current launch in the area was the 110-unit Rezi 24 on Lorong 24 Geylang, which was introduced offer for sale in March 2019.