Geylang's Advance Apartment owners expect bids of over S$26.5m

Singapore

FREEHOLD site Advance Apartment at 8 Lorong 25A Geylang is now available for collective sale by tender, after more than 80 per cent of the owners gave their consent, sole marketing agent JLL said on Monday.

The owners are expecting bids in excess of S$26.5 million, the agent added.

That works out to a land rate of about S$877 per square foot per plot ratio (psf ppr), or S$861 psf ppr after factoring in a 7 per cent bonus balcony gross floor area (GFA) and a corresponding estimated development charge of nearly S$…

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