Mervin Yu
Last Updated on 08-Aug-2025
Five terrace houses in the Guillemard Road/ Lorong 28 Geylang are bought by MACLY Group with the price nearly S$20.55 million.
The five properties - comprising 331, 333, 335 and 339 Guillemard Road and 56 Lorong 28 Geylang - are on total freehold land area of 12,839 sq ft.
The price works out to around S$700 per square foot per plot ratio.
The land is zoned for residential use with 2.8 plot ratio (ratio of maximum gross floor area to land area), based on the Urban Redevelopment Authority's Master Plan 2014.
Macly Group founder and managing director Herman Chang told The Business Times, ""We have approval to redevelop the site into a part-eight storey, part-five storey project with 47 apartments. We plan to begin redevelopment in the first half of next year." Lorong 28 Geylang condo is expected to attract both home-buyers and investors.
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