A Freehold Mixed-Use Green Court Redevelopment Is Up for En Bloc Sale Again

One-North Eden ebrochure

Green Court, a freehold mixed-use redevelopment website along Geylang Road, was relaunched for collective sale, together with the owners anticipating offers over their $28 million book price, shown marketing representative Knight Frank Singapore.

One-North Eden, new GLS mixed development developed by Hong Leong & Mitsui Fudosan. Target to launch in 2021, and for official One-North Eden ebrochure. to be obtained at https://www.onenortheden.sg.

The cost works out to a property speed of about $1,178 per sq feet per plot ratio, such as an extra development charge of approximately $5.24 million payable to increase the gross floor area (GFA).

Green Court was formerly put up available in January, carrying exactly the identical book price.

The three-storey development includes three ground floor stores and six duplex walk-up flats on the second floor.

It occupies a 894.5 sq m (9,628 sq feet ) website that’s uniquely zoned part”Commercial” using a 3.0 gross plot ratio (GPR) and”Residential” with 2.8 GPR beneath the 2019 Master Plan. This permits redevelopment possibility of up to some maximum permissible GFA of approximately 28,216 sq ft.

Independently surrounded by industrial shophouses, apartments and resorts, Green Court is near office buildings and retail stores in Paya Lebar Central in addition to the Tanjong Katong area.

It’s a brief 10-minute drive into the Central Business District, Marina Bay and Tanjong Pagar.

“As one of the critical areas identified for expansion in commercial company and civilization, Paya Lebar Central is a part of URA’s decentralization approach in providing solutions for companies to steer away from the CBD and also to make jobs closer to home,” explained Ian Loh, Head of Capital Markets for Land & Building, Collective & Strata Revenue, Knight Frank Singapore.

“Given its proximity to the airport, lots of encompassing amenities and advantage to places for comfort and recreation, this bodes well for its live-work-play concept this creation attempts, and especially in a time once the build of a workplace is rapidly shifting.”

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