An Advance14-unit Apartment at Lorong 25A Geylang was Bought for $26.5 mil

Advance Apartment, a 14-unit development status on 11,429 sq feet of freehold property at 8 Lorong 25A Geylang, was around for $26.5 million via a collective purchase exercise into some local consortium. It’s the team’s second try at a collective economy.

Irwell Hill Residences new launch, target to complete in 2021, please register for a showflat appointment obtain official project details and floor plans.

Underneath URA Master Plan 2019, the website is zoned “Residential/Institution” using a gross plot ratio of 2.8, and also a allowable elevation of around eight storeys.

Nicholas Ng, senior manager at JLL states:”The website enjoys excellent public transportation entry with Aljunied MRT Station being a mere 260 metres off. It’s brought lots of enquiries from small and midsize developers and associations.”

The owners may get gross sale earnings between $1.7 million and more than $2 million, according to Ng.

A developer can possibly configure the allowable gross floor space of 32,001 sq feet for up to 24 flats of a mean size of approximately 900 to 925 sq ft.