A site was recently purchased for S$12.25 million by Primest Land V1 Pte Ltd at a S$804 per plot ratio factoring LBC.
No. 27 Geylang Lorong 32 is situated in the heart of District 14. It is considered a distinctive freehold residential site, recently receiving an outline planning permission for an 8-storey boutique redevelopment of 20 apartments. These apartments will have a minimum 85 square metres unit size.
The areas of Eunos, Geylang, Kembangan, and Paya Lebar encompass District 14, and it is located towards the eastern part of Singapore. The region is celebrated for its rich history, vibrant culture, and rapid development. Notable landmarks include Paya Lebar Quarters (PLQ) and the Paya Lebar Air Base (though the area is in discussion for an urban redevelopment).
Additional reading: 3 upcoming projects that could seriously benefit surrounding properties
The site specifically is located at the city fringe a short drive away from the CBD. It also has proximity to the Dakota and Aljunied MRT stations and schools like Kong Hwa School, Geylang Methodist School (Primary), Haig Girls’ School, Tanjong Katong Primary School and Canossa Catholic Primary School. Food lovers and cafe hunters could also benefit from the walking distance to popular eateries at Geylang, Old Airport Road Food Centre, etc.
The CBD is the epicentre of commercial and financial activities. It houses many headquarters of major banks, financial institutions, and the Singapore Exchange (SGX) as well as various prestigious local and international companies. The CBD spans a geographical area from Raffles Place along Shenton Way, Robinson Road, and Cecil Street towards the Tanjong Pagar and Anson subzones, which extends further to include Marina Bay which has the Central and bayfront areas.
Additionally, AFL Development Pte Ltd, established by Fanny Cheng, will spearhead the development. Cheng, who is also at the helm of enchanté by Victory Land, has previously directed the development planning for projects such as 183 Longhaus, Lattice One, 24 One, and 35 Gilstead during her tenure at TEE Land.
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