News Formal

Trio of Geylang shophouses put on market with S$12m guide price

  • 📰 BusinessTimes
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

THREE adjoining conservation shophouses at 223, 225 and 227 Geylang Road are up for sale collectively by expression of interest with a guide price of S$12 million, exclusive marketing agent CBRE said on Monday. Read more at The Business Times.

The buyer will have naming and signage rights to the property, which has 15 metres of unobstructed main road frontage along Geylang Road.

CBRE senior director of capital markets Clemence Lee said that the site's freehold tenure, city fringe location and main road frontage would appeal to a wide pool of buyers, including investors, owner-occupiers and small to mid-sized developers. This will allow the property to become a boutique building and potentially house a food and beverage outlet and showroom on the ground floor, with serviced apartments or offices on the upper floor, although this will also be subject to approval from the authorities, Mr Lee said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 15. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

India sees black market boom for plasma from recovered Covid-19 patientsNEW DELHI - When Mr Adwitiya Mal's father-in-law was diagnosed with Covid-19 at a hospital in Delhi, doctors advised plasma therapy given his worsening condition.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »

OUE sells Los Angeles tower at below market value as pandemic hits tenantsPROPERTY developer OUE Ltd on Friday announced that it will sell US Bank Tower - known for its cameos in Hollywood movies and a sky-high outdoor glass slide - for US$430 million. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »