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ABOUT THE EN BLOC SALE
Leshan Gardens en bloc is one of the most ideal site to be redeveloped. This property which is just off the Geylang Road is surrounded with a vast number of amenities and connectivity. This en bloc which is comprised of a four-storey and an eight-storey buildings that is a home to 38 units of residence is launched into tender last year. The units vary ranging from 1,044 square feet to 1,173 square feet.
This property is wholly owned by the renowned Kwong Wai Shiu Hospital. This freehold property is sold to a doctor who is an ear, nose and throat specialist that is engaged into real estate or property business on a 104-leasehold tenure for an amazing price of $26.28 million.
Typical en bloc sites are usually sold to companies or developers but this site is bought by a single entity. There is a great potential for this en bloc site and it is something to look forward to The price is translated to a $623 per square foot per plot ratio and include a development charge amounting to $2.35 million.
There is no need for the approval of the Strata Board on this en bloc as Leshan Gardens is wholly owned by Kong Wai Shiu. Its tended closed last August 15, 2019.
LESHAN GARDENS LOCATION
The Leshan Gardens is well situated at a very convenient location off the Geylang Road. This property is just a few minutes away to amenities that provide satisfaction and enjoyable services to the residential neighborhood. Just around the area are different shopping malls that delivers an outstanding enjoyment and gratification to its costumers. Some of these malls are Katong Shopping Centre, City Plaza, Guillemard Place and The Odeon Katong. These malls also offer a range of dining amenities that are serving various kinds of cuisines to its diners.
Renowned schools are also just a short drive away which enables the residents to find the suitable school for their family. Ideal and have commendable reputations, these schools ensure to serve high standard of teaching to students. Within close distance are Kong Hwa School, Haig girls’ School, United World International Academy and Tanjong Katong Secondary School are just among the long list of institutions nearby.
Connecting roads and public transport are also enclosing the property. These offers the convenience of hassle-free travel to everyone. Roads such as Kallang Paya Lebar Expressway (KPE) and Pan Island Expressway (PIE) offer comfortable routes to the neighboring districts. MRT stations such as Paya Lebar MRT, Geylang Bahru MRT, Aljunied MRT and Katong Park MRT are the best options for commuters.
MODE OF TRANSPORT
- Pan Island Expressway (PIE)
- Kallang Paya Lebar Expressway (KPE)
- Katong Park MRT
- Aljunied MRT
- Paya Lebar MRT
- Amber MRT
- Geylang Bahru MRT
- Dakota MRT
- Geylang Methodist School (Primary)
- Broadrick Secondary School
- Kong Hwa School
- Joo Chiat Complex
- Katong Shopping Centre
- City Plaza
- Guillemard Village
- The Odeon Katong
POTENTIAL OF THE SITE
The Leshan Gardens is located at 1 Lorong 32 Geylang which is a very nice and accessible address in the Geylang area. This property is sold to a specialist doctor in a 104-year leasehold tenure. This site is zoned for residential use with a 2.1 gross plot ratio.
With its land size that measures to a good 16,412 square feet, it is expected to be able to have about 45,955 square feet gross floor area for its new development. That said, it can yield about 50 units of residence that has an average floor area of 85 square meters.
With the distance of the address to Dakota and Aljunied MRT stations, the property will be an attractive property to seekers. Not only is the mode of transport accessible in the area which can enhance and create great ease for the future residence. Its accessibility is noticeably good even to recreational amenities and dining hubs. The new development “Mill At 32” will set to launch end of 2020.
The Changing International Airport as well as the Central Business District which are within a 20-minute drive offers a huge target market which is excellent for property investors. The high rental yield will surely come from professionals who are working on the CBD. This gives an opportunity of ROI for property-investors.
LESHAN GARDENS NEW CONDO REGISTRATION OF INTEREST
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Leshan Gardens en bloc is one of the most ideal site to be redeveloped. This property which is just off the Geylang Road is surrounded with a vast number of amenities and connectivity. This en bloc which is comprised of a four-storey and an eight-storey buildings that is a home to 38 units of residence is launched into tender last year.
Product SKU: Leshan Gardens
Product Currency: SGD
Product Price: 26280000
Product In-Stock: InStock