Green Court at Geylang Road launched for collective sale

By Charlene Chin
/ EdgeProp Singapore |
Join our  Telegram  channel and follow our  Facebook  for the latest update.
SINGAPORE (EDGEPROP) - The owners of Green Court, located along Geylang Road, have put up the freehold development for collective sale at the reserve price of $28 million, or $1,178 psf per plot ratio (ppr).
Green Court is a freehold, three-storey commercial and residential development comprising three ground-floor shops and six 2-storey walk-up apartments on the second level.
The site, about 9,628 sq ft, is zoned partly for commercial use, with a gross plot ratio (GPR) of 3.0, and zoned partly for residential use, with a GPR of 2.8. This would allow redevelopment potential to reach up to a maximum gross floor area (GFA) of about 28,216 sq ft, according to Knight Frank, the exclusive marketing agent for the site.
Advertisement
The reserve price of $28 million includes an additional development charge of about $5.24 million payable to the authorities to maximise the GFA.
The development has a prominent frontage onto Geylang Road, and is surrounded by commercial shophouses, apartments and hotels. It is also close to retail malls and office buildings at Paya Lebar Central and the Tanjong Katong area.
The tender for Green Court will close on Feb 19, at 3pm.
Read also:

Follow Us
Follow our channels to receive property news updates 24/7 round the clock.
EdgeProp Telegram
EdgeProp Facebook
Subscribe to our newsletter

Our Site

Edgeprop.sg (previously known as The Edge Property Singapore) is the best property portal for real estate agents, investors, home-seekers and sellers alike in Singapore. On EdgeProp, you will be able to find the latest and hottest property news, property listings, and access tools for your research and analysis.

Whether you are looking to buy, sell or rent apartments, condominiums, executive condos, HDBs, landed houses, commercial properties or industrial properties, we bring you Singapore’s most comprehensive and up-to-date property news and thousands of listings to facilitate your property decisions. Click into any listing to check out the new AI Redesign tool to envision your property based on your preferred style, be it Scandinavian, Minimalist or many others.

View More