One of the most current launch in the location was the 110-unit Rezi 24 on Lorong 24 Geylang, which was released up for sale in March 2019.
The building remains on a 5,583 sq ft website and also has a floor area of regarding 12,000 sq ft. Thus, the asking rate translates to a land rate of $3,224 psf, or about $1,500 psf on the flooring location.
Based on EdgeProp’s Landlens analytics tool, there have been 2 recent en bloc deals in the vicinity. They entailed Advance Apartments on Lorong 25 Geylang, which transacted for $26.5 million ($1,270 psf) in December 2020, as well as Yuen Sing Mansion on Lorong 13 Geylang, which was sold for $15.2 million ($1,580 psf) in August 2020.
The shophouse is close to Kallang and Aljunied MRT Stations on the East-West Line. Neighboring mall consist of Paya Lebar Quarter, Paya Lebar Square, as well as SingPost Centre.
A property 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.
The site is zoned for household use or institutional use with a gross plot proportion of 2.8, and an allowed elevation of up to eight floors, based on the most up to date Master Plan. According to the advertising representative, the shophouse is presently completely tenanted.