Wing Fong Mansions at Geylang has been set up for collective sale through PropNex Realty using a S$176 million book price, announced The Business Times.
At least 80 percent of Wing Fong Mansions’ owners have agreed to an en bloc sale, printed Richard Hau, lead home advisor for PropNex Realty.
The eight-storey, a hundred unit freehold apartment occupies a land area measuring 47,880 sq feet and a comprehensive strata area of about 142,149 sq feet, whilst having a 2.8 plot ratio.
Wing Fong Court, adjacent to the Wing Fong Mansions, has also been set up for sale lately with a S$108 million book price.
The house is also a freehold home that includes eight storeys and 88 units, using a comprehensive strata area of around 87,791 sq ft.
Located at 10 Lorong 14 Geylang, the Wing Fong Court site measures 29,334 sq feet with a 2.8 plot ratio, and can be additionally zoned for business and institutional usage under the 2019 Master Plan.
“Collectively, they make one of the largest and most promising land sites in Geylang,” stated Hau.
The tenders for the Wing Fong Mansions and Wing Fong Court finishes on 18 May.