like that aljuneid, eunos, macpherson all also 1 stop away from paya lebar, huat ah!Originally Posted by devilplate
buy waterbank better(1 stop to paya lebar)....geylang will always hf the bad reputation.....LOL
Newbie
like that aljuneid, eunos, macpherson all also 1 stop away from paya lebar, huat ah!buy waterbank better(1 stop to paya lebar)
Newbie
31 May 2011
URA releases the second land parcel in Paya Lebar Central for sale on the Reserve List
The Urban Redevelopment Authority (URA) released the detailed sales conditions for the commercial site at Sims Avenue/Tanjong Katong Road. This is the second land parcel to be made available for sale in Paya Lebar Central1.
Paya Lebar Central
Located at the fringe of the city centre, Paya Lebar Central is envisaged to be a bustling commercial centre, with a mix of office, retail, hotel developments and attractive public spaces. The precinct has in total about 12 hectares of land available for development and a potential commercial floor space of more than 500,000 sq m. Paya Lebar Central has the potential to be a sizeable fringe commercial centre, catering to businesses that do not need to be located within the CBD. An artist impression of the Paya Lebar Central is provided in Annex 1.
Land Parcel at Sims Avenue/Tanjong Katong Road
The land parcel at Sims Avenue/Tanjong Katong Road is located next to Paya Lebar Interchange MRT Station and has excellent frontage along Paya Lebar Road, Sims Avenue, Tanjong Katong Road and Geylang Road. The sale of the site will continue the development momentum of transforming Paya Lebar Central into a major commercial centre located at the fringe of city centre.
The 2.07 ha site, which can generate about 87,000 sqm of GFA, is envisioned to be good-quality mixed-use development comprising office, hotel and retail uses. At least 40% and 15% of the maximum permissible GFA of the proposed development on the subject site will be set aside for office and hotel use respectively. The remaining GFA can be for additional office, hotel, retail, entertainment or food & beverage uses so as to help build up the critical mass of activities that will anchor Paya Lebar Central as a prominent commercial hub.
A section of Geylang River flows through the sale site and provides an opportunity for the successful tenderer to integrate the water body into the future development and bring life to the riverbanks. The developer is encouraged to transform the river into a clean, dynamic and aesthetically pleasing waterway as part of the implementation of PUB’s Active, Beautiful, Clean Waters (ABC Waters) Programme. Recreational facilities and communal spaces such as boardwalks, promenades and bridges can be built over the waterway or along the landscaped river banks to enhance the attractiveness and uniqueness of the proposed development. An artist impression of the waterway, integrated with the development, is provided in Annex 2.
Other Details
The details of the land parcel and the location plan are provided in Annex 3 and Annex 4 respectively. More details of the site are available on the URA website: http://www.ura.gov.sg/sales/SimsAveT...intro(MA).html.
Under the Government’s Reserve List system, the land parcel at Sims Avenue / Tanjong Katong Road will be released for sale if the criteria for the triggering of the site are met2. When the site is put up for tender, a tender period of about 8 weeks will be allowed before tender closes.
1 The first sale site in at Paya Lebar Road/Eunos Road 8 was launched for tender on 27 January 2011 for commercial use and was successfully sold to the highest tenderer on 27 Apr 2011.
2 The Government will put up a Reserve List site for public tender if it receives an application from a developer who commits, by signing an agreement and paying a deposit of 3% of the bid price, to bid for the site at or above the minimum price which is acceptable to the Government. The Government will also consider launching a Reserve List site for sale if it receives sufficient market interest for the site. A site is deemed to have received sufficient market interest if more than one unrelated party submit minimum prices that are close to the Government’s Reserve Price for the site within a reasonable period.
Newbie
from zaobao
http://www.zaobao.com.sg/cs/cs110601_007.shtml
Newbie
wow. 1st shopping mall ard paya lebar?? good!
Newbie
Things should start getting interesting for prices of condos between Paya Lebar and Kallang...
Newbie
centra heights sold likes hotcakes despite of high psf as 1700++!
we shall see how sims edge respond as it is nearer to the paya lebar central...
Newbie
Anyone heard about the new stadium, i heard it was put on hold but recently drove past the site on the Nicole Highway and it seems that there is some work on going?
Junior
I went with my husband to Geylang at about 9pm on Sat night, spend about an hour walking around that area to have a feel of it. We parked our car at Lorong 26 and went to Lorong 27A to have the bean curd and yu tiao. The bean curd is very smooth and yu tiao very crispy, but it was not cheap. After that, we started from Lorong 24, there are lots of men around, didn't see much vice, I guess most of them might be inside the house, then we proceed to Lorong 24A, it is a complete contrast, so quiet, no activities. There seems to have lots of Buddhist association, almost whole stretch of it on one side and also saw quite a number of chinese temples (I think Lorong 24 also have temples). Then we went to Lorong 26 & 28, also very quiet, no activities. So I guess most of the activities starts from Lorong 24 and below.
In between the Lorongs, there are 2 main roads, one is Guillemard (very quiet) and the other is Geylang (more crowded & lots of food stalls). From Lorong 28 (Guillemard way), on the left side is the Dakota MRT station and on the right side is a big hawker centre. We took a slow walk to Dakota MRT station, and took about 10-15 mins to reach there. If go by Geylang way, then it will be Aljunied MRT station. Didn't try the distance but my husband said that it is nearer.
Overall, I found that from Lorong 24A onwards, it is not so bad as what I think initially. Just don't go inside the lane Lorong 24 or lower lorongs, I think it should be fine. If Geylang is really that bad, not meant for decent people, then there shouldn't have lots of temples and associations since they are all classified as holy.
If it happens that when you pass by and people starts looking at you, just ignore them. This type of things not only happen in Geylang, anywhere on the roadside also can happen.
Newbie
http://www.propertyguru.com.sg/listi...ylang-lor16-18-
lor 16 new launch?never heard of this..
Newbie
Street Name
($)
Newbie
Yes, saw this as well. It seems as though there may be some movement in the lower lorongs?
Anyone heard anything?
($)
I sell Cheese Pie
Hmm.... lower lorongs har.....
Man dies in Geylang attack
Shin Min Daily News - 3 hrs 41 mins ago
Two brothers were attacked and slashed at Geylang last night.
The incident took place at Geylang Lorong 11 at about 11pm last night. The two brothers were chased to a back alley near a popular bak kut teh store.
The elder brother, Mr Yang, in his 50s, was later found lying in a pool of blood on the road. He died shortly after in the hospital. His wife is reportedly devastated by the news.
His younger brother, 48, has been hospitalised.
Pools of blood, broken glass and blood-stained bandages were found at the scene. It is unknown what caused the attack.
Fights are reportedly common in the area where the attack took place. There are known to be many karaoke lounges in the vicinity.
Source: Shin Min Daily News, 6 August 2011. Click here for the Chinese report.
http://news.omy.sg/News/Local%2BNews...21-265639.html
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Senior
Who knows? People staying near Geylang will have to pay higher insurance premium. High risk area.Hmm.... lower lorongs har.....
Man dies in Geylang attack
Shin Min Daily News - 3 hrs 41 mins ago
Two brothers were attacked and slashed at Geylang last night.
The incident took place at Geylang Lorong 11 at about 11pm last night. The two brothers were chased to a back alley near a popular bak kut teh store.
The elder brother, Mr Yang, in his 50s, was later found lying in a pool of blood on the road. He died shortly after in the hospital. His wife is reportedly devastated by the news.
His younger brother, 48, has been hospitalised.
Pools of blood, broken glass and blood-stained bandages were found at the scene. It is unknown what caused the attack.
Fights are reportedly common in the area where the attack took place. There are known to be many karaoke lounges in the vicinity.
Source: Shin Min Daily News, 6 August 2011. Click here for the Chinese report.
http://news.omy.sg/News/Local%2BNews...21-265639.html
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Junior
Fighting and murder cases not only happen in Geylang. Those who stay or work around industrial estate also need to pay higher insurance premium due to air pollution.
I sell Cheese Pie
If property prices crash, I wonder what will be the price of those mickey mouse apts now sprouting everywhere in geylang
Junior
Sure huat!! The free lance foreign talents will start acquiring MM properties and charge their colleagues hourly rates!!If property prices crash, I wonder what will be the price of those mickey mouse apts now sprouting everywhere in geylang
I sell Cheese Pie
Makes sense. I will also purchase some units to rent out. Will buy each unit for about $10,000 market price then
Junior
You mean you can get the freehold pte ppty at $10K during market crash?Makes sense. I will also purchase some units to rent out. Will buy each unit for about $10,000 market price thenIf that's the case, I also want leh.
Junior
I sell Cheese Pie
They came too late into the property scene.
Savvy developers were already snapping up geylang land way back in 2007! These are the smart ones making a pile and laughing all the way to the bank
I sell Cheese Pie
Just so folks know... certain developments existing in Geylang Lor 26 do not even have SCV hooked up for the entire project. So you buy and cannot watch cable TV hor
Junior
Luckily, we don't watch SCV.Just so folks know... certain developments existing in Geylang Lor 26 do not even have SCV hooked up for the entire project. So you buy and cannot watch cable TV horLast month, Starhub staff came to our unit to install the SCV and let us try for free (3 months). Yesterday, we went to return the "box" to them.
Junior
Still need scv? As long as there is internet to watch prawn, can liaoJust so folks know... certain developments existing in Geylang Lor 26 do not even have SCV hooked up for the entire project. So you buy and cannot watch cable TV hor
I sell Cheese Pie
You may not need scv. But you do not know whether your potential buyers or tenants need scv.
I sell Cheese Pie
PRC duo causes commotion in Geylang
Shin Min Daily News - 1 hr 26 mins ago
A Chinese national father-and-son duo caused a commotion at Geylang last night when they attacked a restaurant manager with a chopper and even assaulted policemen.
The incident happened at about 11.30pm last night at Geylang Lorong 19.
Wu Xu Cai (44, renovation worker), together with his wife Dai Gui Zhen (age 40) and his son Wu Qi Qi (18, student) were having dinner at "Su Zhou Restaurant" with three other friends before the commotion began.
Wu's friends had wanted to treat the family to a meal to welcome Wu's wife and son, whom had specially come from China to visit him.
During the meal, the group downed 24 cans of beer before Wu's friends footed the bill with $130. After paying, Wu's son decided to order two more bottles of beer.
Just as the group was leaving, the restaurant staff came up to them to say that they had not paid for the meal. This sparked off a quarrel between the group and the restaurant staff. The manager of the restaurant, Mr Li, tried to intervene and calm everyone down but the quarrel soon turned physical.
After a brief tussle, Wu agreed to returned to the restaurant and he went on to pay $217 more. But Wu did not stop his verbal abuse on the restaurant manager. He continued to hurl vulgarities at Mr Li, declaring that he earns $4,000 a month and there is no reason that he cannot pay for his meal.
The agitated Wu then dashed into the kitchen, picked up a chopper and threatened the manager with the words, "You think I don't dare to hurt you?"
Wu then smashed a beer bottle and swung it at Mr Li's head. Fortunately, Li managed to dodge the swing.
During the fight, both father and son had reportedly dashed outside the restaurant and pushed over many chairs. About five other diners were shoved by Wu in the process and they too joined in the fight.
One of the men picked up a beer bottle as a weapon and chased Wu's son for about 300 metres to Lorong 23. Wu's son sustained injuries to his head after he was hit by a beer bottle in the attack. He left a large pool of blood at the scene.
When the police arrived, Wu attempted to escape but was subdued outside the restaurant. Witnesses say both father and son resisted arrest and even assaulted the policemen. It took four policemen to subdue the duo.
When reporters arrived, the father-and-son duo were still highly agitated and continued to struggle to free themselves of the police. Wu was still hurling vulgarities at the policemen as he was put into an ambulance.
According to Wu's wife, Dai, the restaurant manager had attacked her husband first. The restaurant manager Mr Li, a Chinese national, said the father-and-son pair took turns to punch him in his face.
The massive commotion also drew a large crowd of spectators.
A police spokesperson states that a man in his 40s has been arrested for disorderly behaviour and for assaulting a civil servant. A teen was also arrested for disorderly behaviour.
Source: Shin Min Daily News, 22 August 2011.
Junior
It seems to be more complicated in lower lorong.
Senior
Too many bad news in Geylang area. Will have negative impact on the properties in this area.
Junior
Hope the MP can do something to improve their constituency.
Junior
Project Name: REZI26 (launching soon) but so far couldn't find any relevant information yet.
Daredevil
Folks, about 5 years ago, I started this thread and many folks ridiculed me when I brought up the potential and they said there was no hope for property investment in Geylang.
Back then, I had just invested in Atrium Residences.
Since then we have seen many more new condo projects and prices have since gone up quite a bit. My investment is Atrium has almost doubled. And just this week, I rented out my 1055 sq ft 3 room unit for $3900 per mth This is a $1k increase from my previous tenant. That is a rental yield of more than 7%.
Someone asked who would want to stay near the red light district? Well, definitely not locals. And foreigners especially singles don't seem to care. All they want is convenience and close proximity to town. In my case, I rented my unit to 3 British working adults - and my wife commented they were rather good looking,(that's 3 more new prospects for the stray pros who occasional might come to Lor28
But seriously, I see more opportunity in Geylang especially when we compare the high rents elsewhere. In the meantime, am just going to sit tight on my investment until the rest of the properties near by reach TOP as I expect Atrium to jack up further in price.
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