Fragrance puts Geylang building on market
Light industrial building has indicative price of S$115m and can be strata sub-divided for sale only 10 yrs after TOP
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Singapore
FRAGRANCE Group Limited is selling a new, 60-year-leasehold light industrial building in Geylang by expression of interest (EOI). The indicative price for the development, located at 110, Lorong 23 Geylang, is S$115 million, said its appointed agent Colliers International. It is to receive its temporary occupation permit within the current quarter.
Zoned for "Business 1" use, the building is a fully ramp-up seven-storey development built on a 67,944 sq ft site. The total provisional strata floor area, including air conditioner ledge and void space, is about 237,000 sq ft. Units in the development have a loading capacity of up to 7.5 kilonewton per sq m.
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