It can yield up to 8 storeys with 29 apartments.
Yuen Sing Mansion in Geylang Lorong is up for collective sale at $17m, JLL revealed.
The 7,868 sq ft property is has a residential/insititution zoning and a gross plot ratio of 2.8. With an allowable height of up to 8 storeys, it has a potential allowable gross floor area (GFA) of 24,235 sq ft that can yield up to 29 apartments.
The residential site has access to entertainment and dining options in the Geylang area and to public transport with the Aljunied and Kallang MRT Stations only 800m and 850m away. In addition, amenities such as the Paya Lebar Centre, Singapore Sports Hub, the Central Business District are just around a 5 to 10-minute drive from Yuen Sing Mansion.
Schools including Kong Hwa School and Canossa Catholic Primary School are also within the vicinity.
JLL noted that the site is not subject to Pre-Application Feasibility Study on traffic impact based on a reply from the Land Transport Authority. Moreover, no Strata Titles Board approval will be required as all the owners have consented to the sale.
The tender for Yuen Sing Mansion will close on 23 October at 2.30 pm.
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