Knight Frank Singapore, representing the interests of the proprietors of Green Court via their collective sale committee, is pleased to announce the launch of the sale of Green Court by tender. Knight Frank Singapore is the exclusive marketing agent of this mixed-use redevelopment website, situated along Geylang Road.
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Green Court is a freehold, three-storey commercial and residential development containing 3 ground floor stores and 6 two-storey walk-up apartments on the next degree. It has a site area of 894.5 sq m (approx. 9,628 sq feet ).
Underneath the Urban Redevelopment Authority’s 2019 Master Plan, the website is uniquely zoned part”Commercial” using a Gross Plot Ratio (GPR) of 3.0, as well as part”Residential” with a GPR of 2.8.
The immediate area is predominantly surrounded by commercial shophouses, apartments and resorts, and is near retail malls and office buildings at Paya Lebar Central and the Tanjong Katong area. The evolution has prominent frontage on Geylang Road.
Major arterial roads and expressways such as the Pan-Island Expressway (PIE), Marina Coastal Expressway (MCE), Kallang Paya Lebar Expressway (KPE), and East Coast Parkway (ECP) offer seamless connectivity into other parts of Singapore. The website also boasts a brief 10-minute drive into the Central Business District (CBD), Marina Bay and Tanjong Pagar.
Aljunied (EW9) and Dakota (CC8) MRT Stations are also located approximately 7 min’ and 10 minutes’ walk away , providing ease and ease in public transportation along the East-West Line and Circle Line.
The owners are anticipating offers above their book price of S$28 million. Adding an additional development charge of approximately S$5.24 million payable to the authorities to maximise the GFA, this translates into a land rate of approximately S$1,178 psf ppr.
In view of its location and bite-sized quantum, we anticipate keen attention with this particular redevelopment opportunity”