Based on EdgeProp’s Landlens analytics device, there have been two recent en bloc purchases in the vicinity. They involved Advance Apartments on Lorong 25 Geylang, which negotiated 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
A property shophouse at 6 Lorong 19 Geylang has been put up for sale using expression of rate of interest with a $18 million asking cost. The residential or commercial property is marketed by Mount Everest Properties.
The building rests on a 5,583 sq ft website and has a flooring location of regarding 12,000 sq ft. Thus, the asking cost translates to a land price of $3,224 psf, or concerning $1,500 psf on the floor location.
The website is zoned for household usage or institutional use with a gross plot proportion of 2.8, as well as an allowed height of approximately eight floors, based upon the current Master Plan. According to the advertising representative, the shophouse is currently totally tenanted.
The most recent launch in the location was the 110-unit Rezi 24 on Lorong 24 Geylang, which was introduced for sale in March 2019.
The shophouse is close to Kallang and Aljunied MRT Stations on the East-West Line. Neighboring shopping centres include Paya Lebar Quarter, Paya Lebar Square, and SingPost Centre.
