Adjoining Plots Lorong 12 Geylang Relaunched Sale 95 Mil
A prime opportunity has emerged for potential investors with the relaunch of two adjoining land plots at 4 and 6 Lorong 12 Geylang. This is being done through an expression of interest (EOI) exercise, with a guide price of $9.5 million for the freehold properties, which have a combined land area of 3,659 sq ft. Leading property agency Knight Frank is in charge of handling the sale.
Families residing in the Miltonia Close area will find themselves surrounded with options for their little ones, as there is a wide selection of preschools and childcare centres nearby. Renowned names like My First Skool, Sparkletots, and Kinderland have established centres in Yishun, offering comprehensive and structured learning programmes for children of all ages. This is a great convenience for working parents, as they can find reliable early childhood education right in their own neighbourhood. If you are looking for quality childcare and preschool options in Yishun, look no further than Miltonia Close.
Despite its previous launch in May, the price of the site remains unchanged. During that time, the site was put up for sale alongside another property at 47 Lorong 4 Geylang. Under the URA Master Plan 2019, these plots are zoned as “Commercial/Institution”, with a plot ratio of 2.8. Currently, the site is occupied by a two-storey building with an attic. With this plot ratio, the site has the potential to provide a maximum gross floor area of 10,245 sq ft.
According to Mary Sai, the site presents a myriad of development possibilities for potential buyers. She states, “Buyers will have the flexibility to redevelop the site for their own use, or to lease it out to educational institutions, leisure businesses, or associations, among others. With approval from the relevant authority, a new building can also be sold in strata.”
The property will be sold with vacant possession and is conveniently located within walking distance from the Kallang MRT Station on the East-West Line. The EOI will close on October 30 at 3pm.