Eight Freehold Commercial Units Grandview Suites Geylang Market 26 Mil
Located in Champions Way, Woodlands, Norwood Grand by City Developments Limited (CDL) is a highly anticipated luxury condominium that is set to take advantage of the extensive urban upgrades outlined in the Woodlands Regional Centre Master Plan. This transformative plan, part of a larger strategy by the Urban Redevelopment Authority (URA), aims to develop Woodlands into a dynamic live-work-play hub. The plan not only promises to enhance local amenities and infrastructure, but also improve connectivity to Johor Bahru, making Norwood Grand CDL an even more desirable location for prospective homeowners and investors.
in Singapore The sale of eight freehold commercial units at Grandview Suites in District 14, located at Lorong 22 Geylang, has been announced through an expression of interest (EOI) exercise by Huttons Asia. The collective guide price for the properties is $26 million, according to the marketing agency, with the EOI ending on July 25 at 4pm.Completed in 2016, the mixed-use development features 52 residential and eight commercial units, all of which are freehold properties. The ground floor of the five-storey development is where the commercial units can be found, with three of them situated in the conserved building that connects to the main residential block. This historic building was formerly home to the Aerated Water Eastern Company, adding a unique touch of character to the commercial spaces, as highlighted by James Wong, Huttons Asia’s head of sales and auction.The total floor area of the strata retail shops is 8,804 sq ft, with unit sizes ranging from 409 sq ft to 3,068 sq ft. At present, the units are rented out to various businesses, including a gym, medical and dental clinics, a commercial school, and a salon. According to Lee Sze Teck, Huttons Asia’s senior director of data analytics, the units are classified for commercial use, making them exempt from additional buyer’s or seller’s stamp duty. He also emphasizes the strategic location of Grandview Suites, which offers high visibility and convenient access, making it an appealing opportunity for investors and businesses alike.This is not the first time that the eight commercial units have been put up for sale this year, as they were previously listed by Knight Frank Singapore for the same guide price of $26 million. With the EOI ending on July 25, interested parties have until then to make their bids for these prime freehold properties in Singapore’s District 14.