Local mid-sized developer Roxy-Pacific Holdings’ associate company RH Guillemard was acquiring two freehold residential sites at 2 and 6 Guillemard Lane for a total price of $33.5 million. The developer plans to combine the two sites with two other freehold sites at 12 and 14 Guillemard Lane for residential development. Roxy-Pacific had announced the acquisition of 12 and 14 Guillemard Lane on Sept 15. The four sites have an estimated total land area of 25,601 sq ft.
Under the 2014 Master Plan, the sites are zoned “residential” and have a gross plot ratio of 2.8. Gullemard Road plies between the Sports Hub and the Paya Lebar MRT station, and has since seen many indie pubs, cafes and restaurants popping up in the area. It is becoming a hip place for nearby local residents. These residents previously may find hard to locate a nice ambience for dining, among the nearby eateries in Geylang area which are either too crowded or some among less desired neighbourhoods.
Guillemard Lane is located in the middle of Guillemard Road, which is near to the popular Old Airport Hawker Centre and is poised to see greater redevelopment spilled over from the Paya Lebar area as well as the Old Airport/Kallang region.