Adjoining Plots Lorong 12 Geylang Relaunched Sale 95 Mil

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Two adjacent freehold land parcels at 4 and 6 Lorong 12 Geylang have been put up for sale via an expression of interest (EOI) exercise. With a combined land area of 3,659 sq ft, the properties are listed at a guide price of $9.5 million and are being marketed by Knight Frank. The price has remained unchanged since the previous EOI in May, when the site was also offered for sale along with a property at 47 Lorong 4 Geylang.

Rewritten:
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Zoned as “Commercial/Institution” under the URA Master Plan 2019, with a plot ratio of 2.8, the two lots present an attractive opportunity for potential buyers. Currently, the site is occupied by a two-storey building with an attic, and based on the plot ratio, it has a maximum gross floor area of 10,245 sq ft. The property, located close to Kallang MRT Station, is being sold with vacant possession.

According to Mary Sai of Knight Frank, the site offers a range of possibilities for future development. “Buyers have the flexibility to redevelop the site for their own use, or to lease the premises to education providers, leisure businesses, associations or other entities. Subject to approval from the relevant authority, the strata sale of a new building may also be considered.”

Interested parties can submit their bids for the EOI, which will close on October 30 at 3pm.