The website is zoned for domestic use or institutional usage with a gross story proportion of 2.8, and also an allowable height of up to eight storeys, based upon the latest Master Plan. According to the advertising representative, the shophouse is presently completely tenanted.
Based on EdgeProp’s Landlens analytics tool, there have been two recent en bloc purchases in the vicinity. They included Advance Apartments on Lorong 25 Geylang, which transacted for $26.5 million ($ 1,270 psf) in December 2020, and also Yuen Sing Mansion on Lorong 13 Geylang, which was sold for $15.2 million ($ 1,580 psf) in August 2020
The most recent launch in the area was the 110-unit Rezi 24 on Lorong 24 Geylang, which was released available for sale in March 2019.
A freehold shophouse at 6 Lorong 19 Geylang has actually been put up for sale through expression of rate of interest with a $18 million asking cost. The residential or commercial property is marketed by Mount Everest Properties.
The structure rests on a 5,583 sq ft site and has a floor location of concerning 12,000 sq ft. Thus, the asking rate translates to a land price of $3,224 psf, or regarding $1,500 psf on the flooring area.
The shophouse is close to Kallang and Aljunied MRT Stations on the East-West Line. Nearby shopping centres include Paya Lebar Quarter, Paya Lebar Square, as well as SingPost Centre.