Baode Building En Bloc Sale

Baode Building, a freehold residential development has put up again in the collective sale market with same price tag at S$27 million.

The appointed property consultant, Colliers International will be manage and handling the whole collective sale process.

The land rate base on the reserve price falls to $1,007 psf ppr and with 7% bonus balcony GFA taken into account, the rate will be down to $990 psf ppr.

Baode Building is an 8-storey residential development with 14 apartments and occupies a small area of 11,102 sq ft.

Under the 2019 Master Plan, the site has been marked for institutional or residential use and has (GPR) gross plot ratio of 2.8.

The maximum allowable height for this freehold site is 8 storeys.

Steven Tan, the Executive Director of Investment Services at Colliers International said that this freehold site has exciting potential for rebranding or repositioning the asset because it is located proximity to the Paya Lebar hot zone, where URA Master Plan had the intention to develop Paya Lebar Central into a bustling vibrant commercial hub.

He added that the site’s unique freehold ownership also offers long-term certainty for developers, particularly in such a key employment area.

Baode Building is located at 8 Lorong 35 Geylang in district 14 of Singapore.

Northeast from the enbloc site is the Paya Lebar MRT (East West Line & Circle Line) interchange station, around 500m away while Aljunied station is also proximity to the site.

The convenience NTUC Fairprice is only 2 mins walk away and other amenities like KINEX Mall, PLQ Mall, Paya Lebar Square and Singpost Centre also served the area.

The redevelopment site is connected to the Kallang-Paya Lebar and Pan Island Expressway.

Kallang Sport Hub, Indoor Stadium and Midtown district in Bugis are only short drive away.

There are many schools nearby such as Macpherson Primary, Kong Hwa School and Geylang Methodist. These schools are within 1.5 km.

Other International Schools found within the site are Chatsworth, Canadian International and Etonhouse International School.

The public tender for Baode Building en bloc site closes on 18 January, 2022.