Wing Fong Mansions and Wing Fong Court in Geylang for sale

31 Jan 2020


Wing Fong Mansions in Geylang has been put up for collective sale by PropNex Realty with a S$176 million reserve price, reported The Business Times.

At least 80% of Wing Fong Mansions’ owners have consented to an en bloc sale, revealed Richard Hau, lead property consultant for PropNex Realty.

The eight-storey, 130 unit freehold condominium occupies a land area measuring 47,880 sq ft and a total strata area of about 142,149 sq ft, while having a 2.8 plot ratio.

The site, located at 12 Lorong 14 Geylang, is also zoned for commercial or institutional use under the Urban Redevelopment Authority’s Master Plan 2019 (2019 Master Plan).

Wing Fong Court, adjacent to the Wing Fong Mansions, has also been put up for sale recently with a S$108 million reserve price.

The property is also a freehold condominium that comprises eight storeys and 88 units, with a total strata area of around 87,791 sq ft.

Located at 10 Lorong 14 Geylang, the Wing Fong Court site measures 29,334 sq ft with a 2.8 plot ratio, and is also zoned for commercial and institutional use under the 2019 Master Plan.

“Together, they make up one of the largest and most promising land sites in Geylang,” said Hau.

The tenders for the Wing Fong Mansions and Wing Fong Court ends on 18 May.

Looking for a property in Singapore? Visit PropertyGuru’s ListingsProject Reviews and Guides.


You may also like these articles

Private home prices up 2.7% in 2019

On a quarterly basis, private home prices climbed 0.5% in the fourth quarter of 2019, continuing the 1.3% increase seen in the previous quarter.The private homes prices in Singapore rose 2.7% in 2019,

Continue Reading23 Jan 2020

HDB resale transaction up 2.7% in 2019

Resale flat prices also rose 0.5% quarter-on-quarter. There were 23,714 resale flat transactions in 2019, the highest in 7 years. This figure is also 2.7% higher compared to 2018, where there were 23

Continue Reading24 Jan 2020

Sales galleries introduce high-end amenities to attract potential buyers

Showflat carcasses can cost anywhere from S$2 million to S$5 millionSingapore’s private housing market developers, especially those of the luxury market, have lately been more creative with their sa

Continue Reading28 Jan 2020