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Unique design options on $13.5m Geylang plot

Unique design options on $13.5m Geylang plot

Geylang has a piece of land on the market for $13.5 million that could be used to build an affinity at Serangoon. The land at 27 Lorong 32 Geylang is a great opportunity for investors who want to build in Singapore’s most important living area. This property’s strategic location and appealing features make it a great place for chic and creative affinity showflats that meet the changing living needs of the city.

The current site is a private standalone house on a lot that is 6,835 square feet (634.98 square meters). With a current plot ratio of 2.8, affinity at Serangoon floor plan could have between 14 and 20 units, with a maximum GFA of 19,137 square feet. The number of units would depend on the planning authority. The property is in the B2 Use Group, which means that it can be used for a non-landed domestic building.

The recent sales of Grand Dunman, a new building next to the Dakota MRT station, show that there is a strong desire for private homes in this area. Within a 1 km radius of the site, this 99-year leasehold project has sold more than 50% of its units since it opened in April. On average, each unit sold for $2,535 psf. This gives an idea of what the market wants and what prices are typical for the area.

Due to COVID-19, Woodleigh Residences Showflat is open for online bookings. You can now register online to receive direct developer discount offers and prices.


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