Cushman & Wakefield has announced the sale of three freehold commercial and institutional redevelopment plots located just off Geylang Road in Singapore. These plots, situated in a city-fringe district, present a unique opportunity for investors, developers, and end-users seeking to acquire rare freehold assets in a well-connected area.
The plots, which form an L-shaped parcel with dual road frontages, cover a combined area of approximately 1,183.6 square metres. They are zoned for “Commercial/Institution” use under Singapore’s Master Plan, with a plot ratio of 2.8, allowing for redevelopment and potential intensification. The site has previously received Outline Permission for an eight-storey mixed-use development, maximising the allowable plot ratio.
The combined guide price for the plots is set at $31m, with options to purchase them collectively or individually. Plot A and B are priced at approximately $21.36m, whilst Plot C is available for $9.64m. This flexibility caters to various redevelopment strategies, including boutique offices or mixed-use projects.
Shaun Poh, Executive Director of Capital Markets at Cushman & Wakefield, highlighted the appeal of freehold assets with redevelopment potential, noting interest from local investors and associations. The plots’ proximity to Aljunied MRT Station and commercial clusters in Paya Lebar, Kallang, and Geylang enhances their attractiveness.
The sale will proceed via private treaty, with vacant possession delivered upon completion. Interested parties are encouraged to contact Cushman & Wakefield for further details.
