It’s all up for tender along with an adjacent condominium, Wing Fong Court, which was set on the market two weeks ago at a book price of $108 million.
At least 80 percent of those owners at Wing Fong Mansions have given their approval for its sale en bloc, lead land consultant Richard Hau from PropNex informed BT.
The 130-unit, eight-storey home is located at 12 Lorong 14 Geylang and has a total strata area of around 142,149 sq ft.
The Wing Fong Mansions website spans a land area of 47,880 sq feet, although the Wing Fong Court website occupies 29,334 sq ft.
Also a freehold condominium, Wing Fong Court homes 88 units across eight storeys. It’s located at 10 Lorong 14 Geylang and has a total strata area of about 87,791 sq ft.
The two websites are zoned for commercial or institutional use with a plot ratio of 2.8, below the Urban Redevelopment Authority’s Master Plan 2019.
Collectively, they make up”one of the largest and most promising land websites in Geylang”, Mr Hau said.
Law firm Tan & Au LLP is carrying the collective sales of those 2 properties.