Based upon EdgeProp’s Landlens analytics tool, there have actually been two current en bloc transactions around. They involved Advance Apartments on Lorong 25 Geylang, which transacted for $26.5 million ($ 1,270 psf) in December 2020, and Yuen Sing Mansion on Lorong 13 Geylang, which was sold for $15.2 million ($ 1,580 psf) in August 2020
The site is zoned for Hillhaven Condo Far East residential use or institutional usage with a gross story proportion of 2.8, and an allowable elevation of approximately eight floors, based upon the most up to date Master Plan. According to the advertising representative, the shophouse is presently fully tenanted.
A property shophouse at 6 Lorong 19 Geylang has been put up for sale using expression of interest with a $18 million asking rate. The residential property is marketed by Mount Everest Properties.
The building remains on a 5,583 sq ft site and also has a flooring area of concerning 12,000 sq ft. Thus, the asking price translates to a land rate of $3,224 psf, or concerning $1,500 psf on the floor area.
The shophouse is close to Kallang and Aljunied MRT Stations on the East-West Line. Nearby shopping center include Paya Lebar Quarter, Paya Lebar Square, and SingPost Centre.
The most current launch in the area was the 110-unit Rezi 24 on Lorong 24 Geylang, which was launched available for sale in March 2019.