Leshan Gardens in Geylang up for sale
By Timothy Tay
/ EdgeProp |
Leshan Gardens at 1 Lorong 32 Geylang has been put up for sale. The residential development sits on a 104-year leasehold site of 16,412 sq ft that has a gross plot ratio of 2.8, under the 2014 Master Plan. A new development could have a maximum gross floor area of 45,955 sq ft, translating to 50 residential units of about 914.9 sq ft each.
A spokesperson from Knight Frank Singapore, the sole marketing agent for the property, says: “There is no guide price for Leshan Gardens. The owners will consider the independent valuation report on the tender closing day to assist them in decision making.”
Leshan Gardens sits on a 104-year leasehold site of 16,412 sq ft at 1 Lorong 32 Geylang (Picture: Knight Frank Singapore)
Ian Loh, head of investment and capital markets at Knight Frank Singapore, says: “Leshan Gardens is wholly owned by an entity, [so] there is no need for the Strata Titles Board’s approval.”
The site is close to the rejuvenated Paya Lebar commercial hub comprising the Singpost Centre, Paya Lebar Square, Kinex Mall, and the upcoming PLQ mall, he says.
The tender for Leshan Gardens closes on Aug 15.
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