Knight Frank Singapore is promoting the sale of four shophouses in the intersection of Geylang Road and Lorong 33 Geylang.
Prior to the fire, the shophouses utilized to house a tyre organization, furniture merchant, and electric store. The properties have been removed and will probably be offered with vacant possession.
Visit Sengkang Grand Residences showflat address for official viewing appointment.
The possessions sit on a freehold land-plot of 5,113 sq feet with a plot ratio of 3.0 beneath the 2014 Master Plan. “Prospective buyers may redevelop the property based on conservation principles laid out by URA. Because it is a secondary settlement place, there’s potential for a back extension, subject to acceptance,” states Mary Sai, executive manager, investment and capital markets, of Knight Frank Singapore.
There’s not any extra purchaser’s stamp duty and vendor’s stamp duty payable, and thieves and firms are entitled to buy the properties. Since the owners aren’t GST-registered, no GST will be payable.
The expression of interest for those shophouses closes Aug 15.